Question:
Computation of Equivalent Production. Factories A and B each turn out 6,000 units of completed product during April. The following work in process statistics are for the month of April
|
Beginning Inventory
|
Ending Inventory
|
|
Units
|
% Complete
|
Units
|
% Complete
|
|
|
Materials
|
Labor and
Overhead
|
|
Materials
|
Labor and
Overhead
|
|
|
|
Factory A
|
2,000
|
100
|
80
|
1,200
|
100
|
90
|
|
Factory B
|
1,200
|
100
|
90
|
2,000
|
100
|
80
|
Required: The equivalent production figures for the two factories using (a) the average method and (b) the fifo method.