Equivalent Units Calculations-FIFO Method The following are selected operating data for jackson Company's Bending Department for November 2019. Panting and packaging operations are carried out subsequently in other departments. Sepening mentory 20.000 es complete Started and completed 348.000 units Ending invertory 12.000 units 40% comple Calculate the equivalent units finished for the month of November using the FIFO method, assuming that the materials are added a evenly throughout. Where do the Beging very Started Total Where do the units go? CompleteTransferred Begving very Started and completed Total Equivalent e beginning of the process conversion costs are cured

Principles of Accounting Volume 2
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ISBN:9781947172609
Author:OpenStax
Publisher:OpenStax
Chapter5: Process Costing
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Problem 3EA: Given the following information, determine the equivalent units of ending work in process for...
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Equivalent Units Calculations-FIFO Method
The following are selected operating data for Jackson Company's Blending Department for November 2019. Painting and packaging operations are carried out subsequently in other departments
Beginning inventory 20.000 units 70% complete
Started and completed
248000 units
Ending Inventory
12.000 units 40% complete
Calculate the equivalent units finished for the month of November using the RFO method, assuming that the materials are added at the beginning of the process and conversion costs are alcuned
evenly throughout.
Where do the
units come from?
Beginning inventory
Started
Total
Where do the units go?
Complete Transferred
Beginning inventory
Started and completed
Ending Inventory
Total
Equivalent Units
Direct Work
Conversion
Ni
November? Materials November? Cost
Transcribed Image Text:Equivalent Units Calculations-FIFO Method The following are selected operating data for Jackson Company's Blending Department for November 2019. Painting and packaging operations are carried out subsequently in other departments Beginning inventory 20.000 units 70% complete Started and completed 248000 units Ending Inventory 12.000 units 40% complete Calculate the equivalent units finished for the month of November using the RFO method, assuming that the materials are added at the beginning of the process and conversion costs are alcuned evenly throughout. Where do the units come from? Beginning inventory Started Total Where do the units go? Complete Transferred Beginning inventory Started and completed Ending Inventory Total Equivalent Units Direct Work Conversion Ni November? Materials November? Cost
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