Question - Deluz Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for August.
|
|
Percent Complete
|
|
Units
|
Materials
|
Conversion
|
|
Work in process, August 1
|
500
|
50%
|
45%
|
|
Units started into production during August
|
8,100
|
|
|
|
Units completed during August and transferred to the next department
|
7,200
|
|
|
|
Work in process, August 31
|
1,400
|
75%
|
30%
|
Required: Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the FIFO method.