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I have no idea how to work the FIFO method, and in what order to start this with - NOTE: I'm unsure if the answers
I have no idea how to work the FIFO method, and in what order to start this with - NOTE: I'm unsure if the answers are correct.
Part a)
Part b)
Part c)
A process manufacturer reports the following: Conversion Percent Complete 85% | Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory Units 176,000 375,000 405,000 146,000 30% Compute the total equivalent units of production for conversion. The company uses the weighted average method. Equivalent units of production: Weighted average method Conversion Units Percent EUP Complete Beginning work in process inventory 176,000 85% 148,750 Completed and transferred out 405,000 100% 405,000 Total 581,000 553,750 (a) Compute the number of units started and completed this period. (b) Compute the total equivalent units of production for conversion. The company uses the FIFO method. Complete this question by entering your answers in the tabs below. Required A Required B Compute the number of units started and completed this period. Units started and completed 405,000 (The following information applies to the questions displayed below.) A process manufacturer reports the following: Conversion Percent Complete 85% Units Beginning work in process inventory Units started this period Units completed and transferred out Ending work in process inventory 176,000 375,000 405,000 146,000 30% (a) Compute the number of units started and completed this period. (b) Compute the total equivalent units of production for conversion. The company uses the FIFO method. Complete this question by entering your answers in the tabs below. Required A Required B Compute the total equivalent units of production for conversion. The company uses the FIFO method. Equivalent units of production: FIFO method Conversion Units Percent Added EUP Units started this period Total units to account for Total
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