Ch 20 HW https://newconnec miming-true&returnUrl. https%3A%2F%2Fcor Saved 15 o R

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Ch 20 HW https://newconnec miming-true&returnUrl. https%3A%2F%2Fcor Saved 15 o Required information The folowing information applies to the questions displayed below The following refers to units processed in Sunflower Printing's binding department in March. Part 3 of 3 Units of Percent of Beginning work in process Goods started Goods completed Ending work in process Product Conversi 162,000 340,000 370,800 132,00 84)% 100 100 35 Compute the total equivalent units of production with respect to conversion for Total

Explanation / Answer

Equivalent units of production (EUP) with respect to Conversion for March - FIFO method

Units

(a)

% of Conversion during March

(b)

EUP

(a) x (b)

20%

[100% - 80%]

208,000 units

[370,000 - 162,000]

Total Equivalent Units of Production with respect to Conversion for March = 286,600 units

Explanation

FIFO method - Under FIFO method, assumption is that any units that are not completed last period (Beginning Work in Process) are finished before any new input is introduced in the current month.

Equivalent units of production (EUP) with respect to Conversion - FIFO method

Units

(a)

% of Conversion during March

(b)

EUP

(a) x (b)

Units Completed and Transferred out:

• From beginning Work in Process

162,000

20%

[100% - 80%]

32,400 units

• Goods Started and Completed during march

208,000 units

[370,000 - 162,000]

100% 208,000 units 370,000 units 240,400 units Ending Work in Process - Units 132,000 35% 46,200 Total EUP 286,600

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