Compute equivalent production units for material costs

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The quantity schedule for Department 2 at the Jelenick Transport Company for the month of June 19x2is shown below.


Quantities

Units in process at beginning (all materials; conversion)

8,000

Units started

76,000

Units transferred to next department

78,000

Units still in process (all materials; V3 conversion)

6,000

Compute the equivalent production units for material and conversion costs (labor and factory overheadj for the month, under (a) FIFO, and (b) weighted average cost.

 

Reference no: EM13512628

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