Consider the following data. Department B of Ethel Manufacturing Corp. suffers an avera evaporation loss of 10%. The following data were obtained for the month of October, 20 Units: In process, October 1 (2/5 completed) 9,600 gallons Received from Department A 30,000 gallons Finished and transferred 25,200 gallons In process, October 31 (1/4 complete) 11,700 gallons Costs:
Consider the following data. Department B of Ethel Manufacturing Corp. suffers an avera evaporation loss of 10%. The following data were obtained for the month of October, 20 Units: In process, October 1 (2/5 completed) 9,600 gallons Received from Department A 30,000 gallons Finished and transferred 25,200 gallons In process, October 31 (1/4 complete) 11,700 gallons Costs:
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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![Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of
evaporation loss of 10%. The following data were obtained for the month of October, 2019:
Units:
In process, October 1 (2/5 completed)
9,600 gallons
Received from Department A
30,000 gallons
Finished and transferred
25,200 gallons
In process, October 31 (1/4 complete)
11,700 gallons
Costs:
In process beginning
P5,760
Received from Department A
30,000
Current costs
Materials
19,440
Labor
7,290
Overhead
2,430
1.) Under FIFO method, what was the actual units of the Work in Process Beginning
Inventory?
2.) Under FIFO method, what was the actual units of the Work in Process Inventory at the
End?
3.) Under FIFO, how many units is the Equivalent Units Of Production (EUP)
4.) Under FIFO, how much is the unit cost?](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc08aa6dc-8089-4209-911a-310db10aa11c%2Ff51ed003-8dfc-4f9d-ac94-88d5711f703e%2Fu5sq4ue_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider the following data. Department B of Ethel Manufacturing Corp. suffers an average of
evaporation loss of 10%. The following data were obtained for the month of October, 2019:
Units:
In process, October 1 (2/5 completed)
9,600 gallons
Received from Department A
30,000 gallons
Finished and transferred
25,200 gallons
In process, October 31 (1/4 complete)
11,700 gallons
Costs:
In process beginning
P5,760
Received from Department A
30,000
Current costs
Materials
19,440
Labor
7,290
Overhead
2,430
1.) Under FIFO method, what was the actual units of the Work in Process Beginning
Inventory?
2.) Under FIFO method, what was the actual units of the Work in Process Inventory at the
End?
3.) Under FIFO, how many units is the Equivalent Units Of Production (EUP)
4.) Under FIFO, how much is the unit cost?
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