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4 Required information (The following information applies to the questions displayed below.) Oasis Company adds all materials at the beginning of its manufacturing process. Production
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Required information (The following information applies to the questions displayed below.) Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required: 1. Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month. 2. Calculate the number of equivalent units for both materials and conversion for each month using the FIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month. Beginning Work in Process Conversion Complete Units (percent) 1,400 4,500 75 Ending Work in Process Conversion Complete Units (percent) Units Started and Units Units Month Started Completed Completed 19,800 42 20 February June September December 23,800 25,600 22,300 6,900 3,700 2,300 25,600 0,700 3,900 37 2 Required: 1. Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month. 2. Calculate the number of equivalent units for both materials and conversion for each month using the FIFO method. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate the number of equivalent units for both materials and conversion for each month using the FIFO method. Equivalent Units Materials Conversion Month February June September DecemberStep by Step Solution
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