The Miracle company had 20,000 units in prcoess on December 31,2020, which was 80% complete as to materials but only 40% complete as to conversion costs. The company's records show 40,000 units were transfered to finished goods inventory during January 2012. On Janurary 31 2021, 15,000 units were on hand which waere 30% complete as to conversion costs and 60% complete as to materials. what are the equivalent units or production (EUPS) added for the conversion costs in january, assuming miracle uses FIFO?

JUNNIE Inc. is a company manufacturing a product known as "VEINS" which undergoes a uniform process prior to its completion. For the year ended December 31, 2020, the following data are provided by the company: a. The work-in-process inventory on January 1, 2020 is 10,000 units which are 80% incomplete as regards to conversion cost while the work-in-process inventory on December 31, 2020 is 60% complete as regards to conversion cost. b. The total units started during the year amounted to 90,000 units while the total units manufactured during the year amounted to 70,000 units. c. There is no spoilage during the period. d. It is the company's policy to apply direct labor and factory overhead evenly throughout the period while 2/5 of direct materials are added at the start of the process while the remaining direct materials are added at the end of the process. e. The cost of January 1, 2020 work-in-process inventory consists of P100,000-direct material, P200,000-direct labor and…

Make a system for recording the cost of raw materials using the complete Periodic method.

Required: If New Delhi uses the FIFO method for valuing raw materials inventories, compute for the cost of goods manufactured for the quarter ended March 31, 2022