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Crane Inc, started the period with an opening Work-in-Progress (WIP) Inventory of 2350 units that were 100% complete with regard to Direct Materials (DM) and
Crane Inc, started the period with an opening Work-in-Progress (WIP) Inventory of 2350 units that were 100% complete with regard to Direct Materials (DM) and 45% complete with regard to Conversion Costs (CC). During the period, the company started 7750 new units, and had completed and removed 7150 units from WIP inventory, 2950 units in ending inventory were 100% complete with respect to Direct Materials and 55% complete with respect to Conversion Costs. What will be the total equivalent units of Direct Materials if the First-In, First-Out (FIFO) method is used, and what would be the answer if the Weighted-Average method is used? 7750 for FIFO and 10100 for Weighted-Average 7150 for FIFO and 10100 for Weighted-Average 10100 for FIFO and 7750 for Weighted-Average 10100 for FIFO and 7150 for Weighted-Average
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