Twinnings Corporation manufactures Scheduling Books There ar

Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The following information is given for the printing department for September. (The company uses FIFO inventory assumption.) Units units, beginning work in process 40,000 (30% complete for materials, 70% complete for conversion) started 300,000 completed? units, ending work in process 50,000 (35% complete for materials, 90% complete for conversion) Costs beginning work in process $ 6,080 current costs total costs Materials Conversion Total $2,160 $192,075 $33,770$225,845 $198,155 $35,930$234,085 $ 8,240 1. Refer to Figure above. What are the FIFO equivalent units for materials? a. 304,500 b. 294,500 c. 306,500 d. 295,500 e. none of the above

Solution

Equivalent unit of material :

So answer is d) 295500

	Physical unit	%	EUP-material
Beginning wip	40000	70%	28000
Unit started and completed	250000	100%	250000
ENding work in process	50000	35%	17500
Total	340000		295500