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Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating department: Direct materials Conversion Percent Units
Richards Corporation uses the FIFO method of process costing. The following information is available for October in its Fabricating department: Direct materials Conversion Percent Units Percent Complete Complete Beginning work in process inventory 85,000 70% 20% Units started and completed 255,000 Units completed and transferred out 340,000 Ending work in process inventory 32,500 40% 15% Production cost information for the Fabricating department follows. Beginning work in process Costs added this period Direct materials Conversion Direct materials Conversion Calculate equivalent units of production for direct materials. $ 42,200 84,700 $ 126,900 $ 716,440 924,300 $1,640,740 Multiple Choice 360,375 255,000 293,500 385,500
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