Production for direct materials and conversion costs

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Reference no: EM1310848

O'Leon Enterprises makes Perfect shampoo for professional hair stylists. On July 31, it had 5,200 litters of shampoo in process that were 80 percent complete in regard to conversion costs and 100 percent complete in regard to direct materials costs. During August, it put 212,500 litters of direct materials into production. Data for Work in Process Inventory on August 31 were as follows: shampoo, 4,500 litters; stage of completion, 60 percent for conversion costs and 100 percent for direct materials. From this information, compute the equivalent units of production for direct materials and conversion costs for the month. Use the FIFO costing method.

Reference no: EM1310848

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