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    sakti's Avatar
    sakti Posts: 8, Reputation: 1
    New Member
    		  
    #1

    Jun 25, 2009, 02:27 AM
    Average costing, fifo, flow of units
    Units beginning work in progress 500@ units( 100%materials, 25%Conversion), unit transferred in 2500@units. Units transferred out and completed [email protected]s ending work in progress 1000@units(100%materials, 65%conversion).
    Question : a. equivalent units using average costing.
    b. equivalent units using FIFO costing
    c. flow of units

    Please help me anyone??
    rehmanvohra's Avatar
    rehmanvohra Posts: 739, Reputation: 27
    Senior Member
    		  
    #2

    Jul 8, 2009, 06:57 AM

    EPU average costing: ------------ Materials ---- conversion
    Units completed and transferred --- 2000 -------- 2000
    Work in process ending ---------------500 --------- 325
    Total equivalent production units ---2500 ----------2325

    EPU First in first out
    Units completed and transferred ---- 2000 ---------2000
    Less: beginning in process units ------ 500 -------- 500
    Units started and completed ----------1500 ---------1500
    Work done
    Beginning in process inventory ------- 0 ------------ 375
    Ending in process inventory -----------500 ----------325
    Total equivalent production units ----2000 ---------2200
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