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Dan Company manufactures a product that goes through two processing departments. Information relating to the activity in the first department during May is given below:
Dan Company manufactures a product that goes through two processing departments. Information relating to the activity in the first department during May is given below: | |||||||
Units | Materials | Conversion | |||||
Work in process, May 1: | 40,000 | 90% | 70% | ||||
Work in process, May 31: | 25,000 | 80% | 40% | ||||
The department started 120,000 units into production during the month and transferred 135,000 completed units to the next department. | |||||||
Compute the equivalent units of production for conversion in May for the first department using the FIFO method. |
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