Assuming a FIFO method of
process costing, determine the equivalent units of production for labor and overhead.
a. Beginning WIP Inventory (45% complete) 10,000
Units started in production 350,000
Units transferred out 344,000
Ending WIP Inventory (60% complete) 16,000
b. Beginning WIP Inventory (30% complete) 40,000
Units started in production 480,000
Units transferred out ?
Ending WIP Inventory (70% complete) 26,000
c. Beginning WIP Inventory (55% complete) 15,000
Units started in production 405,000
Units transferred out 415,800
Ending WIP Inventory (90% complete) ?
d. Beginning WIP Inventory (25% complete) 10,800
Units started in production ?
Units transferred out 351,600
Ending WIP Inventory (45% complete) 18,300