the following Beginning Inventory 65% complete Goods started and completed Ending goods in process 75% complete Units of Product 2000 20000 5000 What are the total FIFO equivalent units? a) 27000 b) 25750 c) 25700 d) 25050 e) 24450 ntory costing. During a period, a production department had inventory which were 40% complete, the department . At the end of the period, 22,000 units were in the ending 10, JIMCO uses the FIFO method for inven 20,000 units in beginning goods in process completed and transferred 165,000 units in process inventory and are 75% complete All of these are with respect to labor The nd department had labor costs in the beginning goods is process inventory of $99,000 a labor costs added during the period are $726,825. Compute the equivalent cost per unit for production for labor a) $4.19 b) $3.76 c) $4.00. d) $4.61. e) $4.55 11. During a period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were 1/5 complete at the beginning of the period and 30,000 were started and completed during the period. Also, during the period, 10,000 units were started but brought only to a stage of being 3/5 completed. The number of FIFO equivalent units produced by Department A during the period was: a) 46,000 units. b) 50,000 units. c) 52,000 units. d) 54,000 units. e) 56,000 units. 12. Information relating to production in Department A for May is as follows: $22.150 Balance, 1,000 units, 1/4 completed as to Conv Costs May 1 During May 5,000 units were started and the following costs added: Direct Materials Direct Labor Factory Overhead $75,000 $32,500 $16,250 If 500 units were one-fourth completed at May 31, and inventories are costed by the FIFO method what was the number of equivalent units of production with respect to conversion costs for May? a) b) c) d) e) 4,500 5,265 5,875 5,625 5,375