Question
Pinto Products makes suspension components for a large car manufacturer. In its Assembly Department for the month of September, the following information about its suspension
Pinto Products makes suspension components for a large car manufacturer. In its Assembly Department for the month of September, the following information about its suspension systems is available:
| Percent complete | |||
|---|---|---|---|
| # of units | Materials | Conversion | |
| WIP, Sep 1 | 5,000 | 65% | 30% |
| Started into production | 65,000 | ||
| WIP, Sep 30 | 3,000 | 35% | 25% |
Calculate the equivalent units of production for conversion costs using the FIFO method.
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Accounting For Managers Interpreting Accounting Information For Decision Making
Authors: Paul M. Collier, Sandy M. Kizan, Eckhard Schumann
1st Canadian Edition
1118037960, 9781118037966
