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How many gallons were transferred out

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Oehkle Inc. produces paint in a process in which spoilage occurs continually. Spoilage of 2 percent or fewer of the gallons of raw material placed into production is considered normal. The following operating statistics are available for June 2010:

Beginning WIP Inventory (60% complete as to material;
70% complete as to conversion) .............................. 16,000 gallons
Started during June ............................................360,000 gallons
Ending WIP Inventory (40% complete as to material;
20% complete as to conversion) ............................... 8,000 gallons
Spoiled ............................................................. 2,800 gallons

a. How many gallons were transferred out?

b. What are the FIFO equivalent units of production for material? For conversion?

Reference no: EM13508602

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