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Exercise 1 6 - 7 A FIFO: Cost per EUP C 2 Refer to the information in Exercise 1 6 - 6 . Assume that
Exercise FIFO: Cost per EUP C
Refer to the information in Exercise Assume that Fields uses the FIFO method of process costing.
a Calculate the number of units started and completed this period for the Forming department.
b Calculate the equivalent units of production for both direct materials and conversion for the Forming department.
c Calculate the costs per equivalent unit of production for both direct materials and conversion for the Forming department.
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