2 06:27 The mixing department of Cerise Ltd., a producer of fabric for Broadway Shows, has the following information regarding costs and output for March: Units: Opening work-in-process inventory: 0 units Started and completed: 215,000 units Started and still in process at March 31: 72,000 units Direct materials: 100% complete Conversion costs: 50% complete The company uses the FIFO method of process costing. Required: Costs: Direct materials: $861,000 Direct labour: $60,000 Factory overhead: $442,000) 1. Prepare a quantity schedule showing the computation of the equivalent units of production for March. The company is interested in learning if there will be a difference between the WACM and FIFO approaches for data for March. (Round cost per equivalent unit to 2 decimal places.) Beginning work in processi Poduction activity in the period: Beginning work in process Physical Units Equivalent Units Processed Direct Materials To account for Accounted for (EU-DOC Physical units) DOC EU DOC Conversation Cost (EU-DOC Physical units) EU 0 100 % 50% 100% 0 50% < Prev 22 of 22 Next