Department II of Charity Manufacturing Company presents the following production data for the month of...
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Accounting
Department II of Charity Manufacturing Company presents the following production data for the month of May, 2011:
Opening inventory, 3/8 completed4, 000 units
Started in process 13, 000 units
Transferred9, 000 units
Closing inventory, completed4, 000 units
completed4, 000 units
Required:
- What are the equivalent units of production (conversion) for the month of May, 2011 under average method?
- What are the equivalent units of production (conversion) for the month of May, 2011 under FIFO method?
- What are the equivalent units of production (material) for the month of May, 2011 under Average method?
- What are the equivalent units of production (material) for the month of May, 2011 under FIFO method?
*Kindly provide computations as well. Thank you!
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