Question

During the current year, a manufacturing company had the following activity. Units in beginning work in process: 10,000 at 70% complete. Units started into production: 150,000. Units completed during the year: 140,000. Units in ending work in process: 20,000 units at 25%. What is the number of equivalent units using the FIFO method

Answer 1

Based on the information given the number of equivalent units using the FIFO method is: 138,000.

Number of equivalent units

                                         Nominal Units  % Complete  Equivalent Units

Beginning WIP                  10,000                 30%              3,000

Units started and finished 130,000             100%             130,000

Ending WIP                         20,000               25%              5,000

Units to account for or Equivalent units 160,000            138,000

(10,000+130,000+20,000=160,000) (3,000+130,000+5,000=138,000)

Inconclusion the number of equivalent units using the FIFO method is: 138,000.

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