.The Alma Company’s accounting records reflected the following data for April 2003. The company accounts its production using First-in, First-out cost flow method:
Work in process, March 31, 2003, 60% completed as to Materials and conversion costs ? units
Work in process, April 30, 2003, 30% completed as to Materials and conversion costs 24,000 units
Equivalent units of production for April 2003 64,000
Units started and completed in April 50,000
Had the company used the weighted-average method of accounting for its production, the equivalent units should be:
