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Equivalent Units calculations-FIFO Method The following selected operating data are for Jackson Company's Blending Department for the month of April 2019. Tinting and packaging operations
Equivalent Units calculations-FIFO Method
The following selected operating data are for Jackson Company's Blending Department for the month of April 2019. Tinting and packaging operations are carried out subsequently in other departments.
Beginning inventory | 18,000 units, 60% complete | |
Started and completed | 306,000 units | |
Ending inventory | 27,000 units, 30% complete |
Calculate the equivalent units accomplished 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 | ||||||||
---|---|---|---|---|---|---|---|---|
Where do the units come from? | Where do the units go? | % in April? | Direct Materials | % Work April? | Conversion Costs | |||
Complete/Transferred | ||||||||
Beginning Inventory | Answer | Beginning Inventory | Answer | Answer | Answer | Answer | Answer | |
Started | Answer | Started and completed | Answer | Answer | Answer | Answer | Answer | |
Total | Answer | Ending Inventory | Answer | Answer | Answer | Answer | Answer | |
Total | Answer | Answer | Answer |
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