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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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