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WA & FIFO EUP of steel was started in process. At month - end, 1 3 2 , 0 0 0 tons remained in WIP

WA & FIFO EUP of steel was started in process. At month-end, 132,000 tons remained in WIP Inventory (100 percent complete as to material and 40 percent complete as to conversion).
a. Compute the total units to account for.
b. Determine how many units were started and completed.
c. Determine the equivalent units of production using the weighted average method.
d. Determine the equivalent units of production using the FIFO method.
EU for materials
EU for conversion
e. Reconcile your answers to parts (c) and (d).
Note: Use a negative sign to indicate amount in table is subtracted.
Please answer all parts of the question.
of steel was started in process. At month-end, 132,000 tons remained in WIP Inventory (100 percent complete as to material and 40 percent complete as to conversion).
a. Compute the total units to account for.
0
b. Determine how many units were started and completed
0
c. Determine the equivalent units of production using the weighted average method.
conversior
d. Determine the equivalent units of production using the FIFO method.
EU for materials
EU for conversion
e. Reconcile your answers to parts (c) and (d).
Note: Use a negative sign to indicate amount in table is subtracted.Ramos Corp. uses a process costing system to assign costs to its steel production. During March, Ramos had beginning Work in Process Inventory of 144,000 tons of steel (100 percent complete as to material and 65 percent complete as to conversion). During the month, the raw material needed to produce 2,720,000 tons of steel was started in process. At month-end, 132,000 tons remained in WIP Inventory (100 percent complete as to material and 40 percent complete as to conversion).
a. Compute the total units to account for. Answer 1
0
b. Determine how many units were started and completed. Answer 2
0
c. Determine the equivalent units of production using the weighted average method.
EU for materials Answer 3
0
EU for conversion Answer 4
0
d. Determine the equivalent units of production using the FIFO method.
EU for materials Answer 5
0
EU for conversion Answer 6
0
e. Reconcile your answers to parts (c) and (d).
Note: Use a negative sign to indicate amount in table is subtracted.
DM CC
WA EUP Answer 7
0
Answer 8
0
Answer 9
Answer 10
0
Answer 11
0
FIFO EUP Answer 12
0
Answer 13
0
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