What should be the equivalent production under fifo

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Problem - FIFO - Equivalent Production - The equivalent production of 22,000 units under the average costing is arrived at as follows:

Finished and transferred - 20,000 units x 100% = 20,000

In process, March 31 - 3,000 units x 2/3 = 2,000

Required - With the beginning work in process consisting of 5,000 units, 1/5 done, what should be the equivalent production under FIFO?

Reference no: EM133064174

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