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Compute the equivalent units for both materials

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Reference no: EM132046244

Question - Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process:

• Beginning inventory, 12,000 (50 percent complete with respect to materials and 30 percent complete with respect to conversion costs).

• Transferred out, 63,000 gallons.

• Ending inventory (materials are 20 percent complete; conversion costs are 10 percent complete).

• Started this month, 72,000 gallons.

Compute the equivalent units for both materials and conversion costs using FIFO method.

Reference no: EM132046244

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