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Compute the equivalent production using average method

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Problem 1: For each of the following independent cases, compute the equivalent production using FIFO and Average Method

A. Work in process, beginning, 12,000 units - 1/4 completed and 8,000 units 1/8 completed; started in process, 50,000 units; transferred and completed, 40,000 units; work in process end, 1/6 completed

B.

Work in process beginning: 10,000 units, 2/5 completed; 10,000 units, 3/5 completed; 5,000 units, 2/5 completed
Placed into process: 40,000 units
Finished and transferred: 45,000 units
Work in process end: 1/2 is 4/5 completed and the balance is 1/2 completed

C.

Work in process beginning: 1/3 completed
Started in process: 44,000 units
Transferred: 30,000 units
Work in process end: 20,000 units, 1/5 completed

Reference no: EM132731361

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