Business, 06.05.2020 05:32 Adones5104

A production department in a process manufacturing system completed its work on 82,000 units of product and transferred them to the next department during a recent period. Of these units, 32,800 were in process at the beginning of the period. The other 49,200 units were started and completed during the period. At period-end, 17,600 units were in process. Prepare the department’s equivalent units of production with respect to direct materials under each of three separate assumptions using the Weighted -average method for process costing. Equivalent units of production (EUP)—FIFO method1. All direct materials are added to products when processing begins.2. Beginning inventory is 40% complete as to materials and conversion costs. Ending inventory is 80% complete as to materials and conversion costs.3. Beginning inventory is 40% complete as to materials and 50% complete as to conversion costs. Ending inventory is 50% complete as to materials and 60% complete as to conversion costs.

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