Exercise 16-10 Computing equivalent units of production-FIFO L.O.C4
During April, the production department of a process manufacturingsystem completed a number of units of a product and transferredthem to finished goods. Of these transferred units, 42,000 were inprocess in the production department at the beginning of April and270,000 were started and completed in April. April's beginninginventory units were 70% complete with respect to materials and 30%complete with respect to labor. At the end of April, 59,000additional units were in process in the production department andwere 70% complete with respect to materials and 20% complete withrespect to labor.
Compute the number of equivalent units with respect to bothmaterials used and labor used in the production department forApril using the FIFO method.
Direct
Materials Direct Labor Number of equivalent units
Exercise 16-10 Computing equivalent units of production-FIFO L.O.C4
During April, the production department of a process manufacturingsystem completed a number of units of a product and transferredthem to finished goods. Of these transferred units, 42,000 were inprocess in the production department at the beginning of April and270,000 were started and completed in April. April's beginninginventory units were 70% complete with respect to materials and 30%complete with respect to labor. At the end of April, 59,000additional units were in process in the production department andwere 70% complete with respect to materials and 20% complete withrespect to labor. |
Compute the number of equivalent units with respect to bothmaterials used and labor used in the production department forApril using the FIFO method. |
Direct Materials | Direct Labor | |
Number of equivalent units | ||