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Equivalent Units Calculations-FIFO Method The following are selected operating data for Jackson Company's Blending Department for November 2019. Painting and packaging operations are carried out
Equivalent Units Calculations-FIFO Method The following are selected operating data for Jackson Company's Blending Department for November 2019. Painting and packaging operations are carried out subsequently in other departments. Beginning inventory 7,500 units, 70% complete Started and completed 93,000 units Ending inventory 4,500 units, 40% complete Calculate the equivalent units finished for the month of November using the FIFO method, assuming that the materials are added at the beginning of the process and conversion costs are incurred evenly throughout. Equivalent Units % in Direct % Work November? Materials November? Conversion Costs Where do the units come from? 0 % 0% Beginning Inventory Started Total Where do the units go? Complete/Transferred Beginning Inventory Started and completed Ending Inventory Total 0 % 0 % Oo oo 0 % 0 % 0
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