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The ALG Manufacturing Company has gathered the following information for the month of September:

• 6,000 units in the beginning Work-in-Process Inventory (75% complete as to materials, 1/3 complete with respect to the conversion costs)

• 60,000 units were started into production

• 50,000 units were completed and transferred to the next department

• The ending Work-in-Process Inventory is complete as to materials but only 3/8 complete with respect to conversion costs.

What are the equivalent units of production (EUP) for the conversion costs in the month of September assuming ALG uses weighted-average process costing?

What are the equivalent units of production for the conversion costs in the month of September assuming ALG uses first-in first-out (FIFO)?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M950426

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