Reference no: EM132963633
Question - Department II of Charity Manufacturing Company presents the following production data for the month of May, 2011:
Opening inventory, 3/8 completed 4, 000 units
Started in process 13, 000 units
Transferred 9, 000 units
Closing inventory, ½ completed 4, 000 units
¾ completed 4, 000 units
Required -
1. What are the equivalent units of production (conversion) for the month of May, 2011 under average method?
2. What are the equivalent units of production (conversion) for the month of May, 2011 under FIFO method?
3. What are the equivalent units of production (material) for the month of May, 2011 under Average method?
4. What are the equivalent units of production (material) for the month of May, 2011 under FIFO method?
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