O ezto.mheducation.com/hm.tpx Missouri Corporation shows the following informati

Question

O ezto.mheducation.com/hm.tpx Missouri Corporation shows the following information concerning the work in process at its plant Becento mculol waspurialy complete (materials are 10 percent cletecoersion coats are 59 Started this month, 60,800 units Transferred out, 50,200 units Ending inventory, 20,600 units (materials are 100 percent complete; conversion costs are 15 percent complete) Required: (a) Compute the equivalent units for materials using FIFo (b) Compute the equivalent units for conversion costs using FIFO Reterences eBook& Resources Exercise Learning Objective: 08-01 Explain the concept and purpose of equivalent units Difficuity: Medium Objective 08-05 Assign costs to ng first-in O Type here to search ip

Explanation / Answer

a) Equivalent unit of material = 60800 units

b) equivalent unif of conversion = (10000*41%+40200*100%+20600*15%) = 47390 units

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