Thank you in advance.
Posted: Thu May 19, 2022 2:24 pm
Thank you in advance.
Lenning Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for August Units 200 8,000 Percent Complete Materials Conversion 400 358 Work in process, August 1 Units started into production during August Units completed during August and transferred to the next department Work in process, August 31 7,000 1,200 608 20 Required: Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the FIFO method. Materials Conversion Equivalent units of production
Lenning Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for August Units 200 8,000 Percent Complete Materials Conversion 400 358 Work in process, August 1 Units started into production during August Units completed during August and transferred to the next department Work in process, August 31 7,000 1,200 608 20 Required: Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the FIFO method. Materials Conversion Equivalent units of production