FIFO EUP In manufacturing its products, Trevano Corp. adds all direct material at the beginning of the production process. The company's direct labor and overhead are considered to be continuously at the same degree of completion. The company uses the FIFO method of process costing. September production information is as follows: Beginning WP Inventory Started during September 18.000 pounds 45.000 pounds Completed during September 57,600 pounds As of September 1, the beginning WIP Inventory was 30 percent complete as to labor and overhead. On September 30, the ending WIP Inventory was 80 percent complete as to conversion. a. What proportion of work needs to be performed on the beginning inventory units to complete them? b. What are the equivalent units of production for direct material? 0 x pounds c. What are the equivalent units of production for conversion? 0 x pounds x96 FIFO EUP For each of the following situations, use the FIFO method of process costing to determine the equivalent units of production for labor and overhead, assuming that they are continuously at the same percentage of completion: a. Beginning WIP Inventory (40% complete) 14,000 Units started in production 490,000 Units transferred out 481.600 Ending WP Inventory (70% complete) 22,400 EU of production 491.680 4. Beginning WIP Inventory (30% complete) 56,000 Units started in production 672.000 Units transferred out 7 Ending WP Inventory (80% complete) 36,400 EU of production 759,920 x C Beginning WP Inventory (55% complete) 21,000 Units started in production 567,000 Units transferred out 582.120 Ending WIP inventory (90% complete) 2 EU of production 587,412 x d Beginning WIP Inventory (35% complete) Units started in production Units transferred out 15,120 7 492.240 b. Beginning WIP Inventory (30% complete) Units started in production Units transferred out Ending WIP Inventory (80% complete) EU of production 56,000 672,000 7 36,400 759,920 x C. Beginning WIP Inventory (55% complete) 21,000 Units started in production 567,000 Units transferred out 582,120 Ending WIP Inventory (90% complete) ? EU of production 587,412 X d. Beginning WIP Inventory (35% complete) Units started in production Units transferred out Ending WIP Inventory (45% complete) EU of production 15,120 ? 492,240 25,620 503,769 x