Compute equivalent units for direct materials and conversion costs. Show physica

Question

Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule.?

The assembly division of Fenton Watches, Inc. uses the FIFO method of process costing. Consider the following data for the month of May 2017: EEB (Click the icon to view the data.) Requirement Compute equivalent units for direct materials and conversion costs. Show physical units in the first column of your schedule. Enter the physical units in first, then calculate the equivalent units Physical Flow of Production Units Work in process, beginning Started during current period To account for Completed and transferred out during current period From beginning work in process Started and completed Work in process, ending Accounted for Equivalent unts of work done in current period

Explanation / Answer

Calculate equivalent unit :

Physical unit EUP-direct material EUP-conversion cost Work in process, beginning 100 Started into current period 525 To account for 625 Completed and transferred out during current period From beginning work in process 100 15 70 Unit started and completed 380 380 380 work in process, Ending 145 116 58 Accounted for 625 Equivalent unit work done in current period 511 508

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