Solution-Compute the equivalent units for conversion costs

Compute the equivalent units for conversion costs using fifo

Reference no: EM132734989

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

Beginning inventory, 43,000 partially complete gallons.
Transferred out, 211,000 gallons.
Compute the equivalent units for conversion costs using FIFO.
Started this month, 236,000 gallons.
Assume that beginning inventory is 50 percent complete with respect to materials and 30 percent complete with respect to conversion costs.

Required:

Problem a. Compute the equivalent units for materials using FIFO.

Problem b. Compute the equivalent units for conversion costs using FIFO.

Reference no: EM132734989

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Compute the equivalent units for conversion costs using fifo

Reference no: EM132734989

Reference no: EM132734989

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