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Oasis Company adds all materials at the beginning of its manufacturing process. Production information for...

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Accounting

Oasis Company adds all materials at the beginning of its manufacturing process. Production information for selected months of the year follows: Required:

1. Reconcile the number of physical units to find the missing amounts. Determine the number of units started and completed each month.

2. Calculate the number of equivalent units for both materials and conversion for each month using the FIFO method.

1. ARE ALL CORRECT

PART 1-
BEGINNING ENDING
WORK IN PROCESS WORK IN PROGRESS
CONVERSION CONVERSION
COMPLETE COMPLETE Units Started
MONTH UNITS PERCENT UNIT STARTED UNITS TRANS OUT UNIT PERCENT and Compl.
FEBRUARY 1900 45 24400 19600 6700 23 17700
JUNE 4500 74 24300 24800 4000 40 20300
SEPTEMBER 2900 25 25500 25800 2600 56 22900
DECEMBER 3700 32 22600 20800 5500 73 17100

2. ALL ARE INCORRECT. Please help with part 2 / show method for understanding, please.

PT.2 EQUIVALENT UNITS
MONTH MATERIAL CONVERSION
FEB 24,600 20,296
JUNE 20,300 22,830
SEPT 22,900 25,081
DEC 17,100 22,299

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