Question

Equivalent Production: FIFO Costing Method

E 6.
Paper Savers Corporation produces wood pulp that is used in making paper.The following data pertain to the company’s production of pulp duringSeptember:

Percentage Complete
TonsDirectMaterialsConversion Costs
Work in process, Aug. 3140,000100%60%
Placed into production250,000——
Work in process, Sept. 3080,000100%40%

Compute the equivalent units of production for direct materials and conversion costs for September using the FIFO costing method.

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