E6-11 Page 353 Assume each of the following conditions concerning the data given

Question

E6-11 Page 353

Assume each of the following conditions concerning the data given: 1. All materials are added at the beginning of the process.

In all cases, labor and factory overhead are added evenly

Production Summary
Work in process, beginning of month 3,000

Stage of completion 1/2

Started in process 18,000

Finished and transferred 19,000

Work in process, end of month 2,000

Stage of completion 3/4

Compute the equivalent units of production for materials using FIFO.

  

24,000

   

21,000

   

18,000

   

16,000

Explanation / Answer

C.18,000.

the following is the required calculation:

finished and transferred goods 19,000 add: closing work in process 2,000 total 21,000 less:opening work in process (3,000) equivalent units of production for materials using FIFO 18,000

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