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Use the following information for the next 4 questions Andersen Corporation has the following information for the current month: Units started 95.000units Beginning Work in
Use the following information for the next 4 questions Andersen Corporation has the following information for the current month: Units started 95.000units Beginning Work in Process: (30% complete) 15,000units Normal spoilage 3,000units Abnormal spoilage 4.000units Ending Work in Process: (55% complete) 15,000units Transferred out 88,000units All materials are added at the start of the production process. Andersen Corporation inspects goods at 75 percent completion as conversion. What are equivalent units of production for material assuming FIFO is used? 91,000 92,000 95,000 110,000 Question 2 What are equivalent units of production for conversion costs assuming FIFO is used? 87.750 90,000 91,750 97.000 Question 3 What are equivalent units of production for material assuming weighted average is used? 105,500 106,000 107,000 110,000 Question 4 What are equivalent units of production for conversion costs assuming weighted average is used? 93,750 100.500 101,500 105.500
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