Exercise 3-18A FIFO: Equivalent units LO C4, P4 RSTN Co. produces its product through two sequential processing departments. Direct materials and conversion are added to the product evenly throughout the process. The company uses monthly reporting periods for its process costing system. During October, the company finished and transferred 265,000 units of its product to Department 2. Of these units, 37,000 were in process at the beginning of the month and 228,000 were started and completed during the month. The beginning work in process inventory was 30% complete. At the end of the month, the work in process inventory consisted of 20,500 units that were 85% complete. Compute the number of equivalent units of production for October. Use the FIFO method. Equivalent units of production FIFO Units of Percent EUP (for materials and conversion) Product Added Equivalent Units EUP EUP FUP Total units EUP