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(Appendix 6A) First-In, First-Out Method; Equivalent Units Lawson Company produces a product where all manufacturing inputs are applied uniformly. Lawson produced the following physical flow
(Appendix 6A) First-In, First-Out Method; Equivalent Units
Lawson Company produces a product where all manufacturing inputs are applied uniformly. Lawson produced the following physical flow schedule for March:
Units to account for: | |
Units in BWIP (40% complete) | 14,000 |
Units started | 42,000 |
Total units to account for | 56,000 |
Units accounted for: | |
Units completed: | |
From BWIP | 14,000 |
Started and completed | 35,000 |
49,000 | |
Units, EWIP (75% complete) | 7,000 |
Total units accounted for | 56,000 |
Required:
Prepare a schedule of equivalent units using the FIFO method.
Lawson Company | |
Schedule of equivalent units | |
(FIFO method) | |
Units started and completed | |
Units in BWIP x fraction to be completed: | |
Units in EWIP x fraction complete: | |
Equivalent units of output |
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