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Swifty Company uses the FIFO method to calculate equivalent units of production. It has 1600 units in beginning Work in Process inventory, 30% complete related
Swifty Company uses the FIFO method to calculate equivalent units of production. It has 1600 units in beginning Work in Process inventory, 30% complete related to conversion costs and 55% complete related to direct materials costs, 24500 units started, and 3400 units in ending Work in Process inventory, 25% complete related to conversion costs, and 90% complete related to direct materials cost. How much are the equivalent units of production for direct materials under the FIFO method? 1) 24500 2) 25760 3) 24880 4) 26100
Swifty Company uses the FIFO method to calculate equivalent units of production. It has 1600 units in beginning Work in Process inventory, 30% complete related to conversion costs and 55% complete related to direct materials costs, 24500 units started, and 3400 units in ending Work in Process inventory, 25% complete related to conversion costs, and 90% complete related to direct materials cost. How much are the equivalent units of production for direct materials under the FIFO method?
1) 24500
2) 25760
3) 24880
4) 26100
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