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  3. (appendix 6a) first-in, first-out method; equivale

(Appendix 6A) First-In, First-Out Method; Equivalent Units the following information: 1. Calculate the equivalent units...

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Accounting

image (Appendix 6A) First-In, First-Out Method; Equivalent Units the following information: 1. Calculate the equivalent units for November. X equivalent units 2. Calculate the unit cost. Xperunit 3. Assign costs to units transferred out and EWIP using the FIFO method. Cost of goods transferred out Cost of ending work in process $$ Feedback V Check My Work 1. Equivalent units = BWIP (% completed )+ Units started and completed + EWIP (% started but not completed ) 2. Cost per unit = Costs added / Equivalent units 3. Cost of goods transferred out = Cost from BWIP (carried over) + BWIP \% completed (Equivalent units x Unit cost) + Started and completed (Units Unit cost) Cost of EWIP = Equivalent units EWIP x Unit cost Review the "How to Calculate Output and Cost Assignments: First-In, First-Out Method" example in your text

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