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Equivalent Units CalculationsFIFO Method Ferris Corporation makes powdered rug shampoo in two sequential departments, Compounding and Drying. Materials are added at the beginning of the

Equivalent Units CalculationsFIFO Method

Ferris Corporation makes powdered rug shampoo in two sequential departments, Compounding and Drying. Materials are added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Ferris uses the FIFO method of process costing. In the Compounding Department, beginning work in process was 6,000 pounds (70% processed), 38,000 pounds were started in process, 36,000 pounds transferred out, and ending work in process was 60% processed.

Calculate equivalent units for the Compounding Department for March 2019.

Ferris Company Flow of Units and Equivalent Units Calculation, March 2019
Equivalent Units
% in March Direct Materials % in March Conversion Costs
Complete/Transferred
Beginning inventory Answer

Answer

Answer

Answer

Answer

Started & completed Answer

Answer

Answer

Answer

Answer

Ending inventory Answer

Answer

Answer

Answer

Answer

Total Answer

Answer

Answer

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