1o46 Hint(s) Check My Work (a remaining) Equivalent p Suds Enterprises makes Perfecto Shampoo for professional hair stylists. On July 31, it had 5,000 Iters of shampoo in process that were 80 percent complete in regard to conversion costs and 100 percent stage of completion, 60 percent for conversion costs and 100 percent for direct materials. Using the FIFO costing method, compute the equivalent units of production for direct materials and conversion costs FIFO Costing Method in regard to direct materials costs. During August, it put 210,000 iters of direct materials into production. Data for Work in Process Inventory on August 31 were as follows: shampoo, 10,000 liters; for the month. 21s000 21100( FIFO Costing Method In Step 1 in the following exhibit, Milk Products's department manager computes the total units to be accounted for by adding the 6,200 units in beginning inventory to the 57,500 units started into production during this period. These 63,700 units are the actual following exhibit, the 6,200 units in beginning inventory that were completed during the period, the 52,500 units that were started and finished in the period, and the 5,000 units remaining in the department at the end of the period are summed, and the total is listed as "units accounted for." (Note that the 'units accounted for" must equal the "units to be accounted for" in Step 1.) units that the manager is responsible for during the period. Step 1 continues accounting for physical units. As shown in the Step 1: Units for Beginning inventory units started last period) Units started this period physical units. 6,200