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O o o O: 1. Using FIFO Method, The EUP For Materials Is

The document contains information about calculating equivalent units of production (EUP) using FIFO and weighted average methods under different assumptions about when materials are added and inspection occurs in a production process. It provides the EUP values for materials and conversion cost using both methods under the various assumptions.

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oh my ghod samuel
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431 views6 pages

O o o O: 1. Using FIFO Method, The EUP For Materials Is

The document contains information about calculating equivalent units of production (EUP) using FIFO and weighted average methods under different assumptions about when materials are added and inspection occurs in a production process. It provides the EUP values for materials and conversion cost using both methods under the various assumptions.

Uploaded by

oh my ghod samuel
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as PDF, TXT or read online on Scribd
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1.

Using FIFO method, The EUP for materials is:

o 50,000
o 58,000
o 40,000
o 60,000

Beginning 10,000

SIP 40,000

50,000

FIFO
% Materials % CC

WIP, Beginning 10,000 0 0 60% 6,000

Finished and 30,000 100% 30,000 100% 30,000


Transferred

WIP, Ending 5,000 100% 5,000 60% 3,000

Normal Lost 2,000 100% 2,000 75% 1,500

Abnormal Lost 3,000 100% 3,000 75% 2,250

EUP 50,000 40,000 42,750


Beginning 10,000

SIP 40,000

TUTAF 50,000

Weighted Average
% Materials % CC

Finished and 40,000 100% 40,000 100% 40,000


Transferred

WIP, Ending 5,000 100% 5,000 60% 3,000


Normal Lost 2,000 100% 2,000 75% 1,500
Abnormal Lost 3,000 100% 2,000 75% 2,250
EUP 50,000 50,000 46,750

Using FIFO method, The EUP for conversion cost is:

o 40,000
o 42,750
o 46,000
o 52,500

Using Weighted Average method, The EUP for materials is

o 50,000
o 40,000
o 58,000
o 60,000

Using Weighted Average method, The EUP for conversion cost is

o 40,000
o 52,500
o 46,750
o 42,750
Using the same data, assume that materials are added at the end of the process,
inspection takes place when the units are 80% completed and work in process
end are 85% completed. Using FIFO method, The EUP for materials is:
o 50,000
o 60,000
o 40,000
o 58,000
FIFO
% Materials % CC

WIP, Beginning 10,000 100% 10,000 60% 6,000

Finished and 30,000 100% 30,000 100% 30,000


Transferred

WIP, Ending 5,000 0% 0 85% 4,250

Normal Lost 2,000 0% 0 80% 1,600

Abnormal Lost 3,000 0% 0 80% 2,400

EUP 50,000 40,000 44,250

Weighted Average
% Materials % CC

Finished and 40,000 100% 40,000 100% 40,000


Transferred

WIP, Ending 5,000 0% 0 85% 4,250

Normal Lost 2,000 0% 0 80% 1,600

Abnormal Lost 3,000 0% 0 80% 2,400

EUP 50,000 40,000 48,250


Using FIFO method, The EUP for conversion cost is:

o 42,750
o 52,500
o 44,250
o 40,000

Using Weighted Average method, The EUP for materials is

o 58,000
o 40,000
o 60,000
o 50,000

Using Weighted Average method, The EUP for conversion cost is

o 40,000
o 48,250
o 42,750
o 46,750

Using the same data, assume that materials are added after the inspection point,
the inspection takes place when the units are 80% completed and work in
process end are 90% completed. Using FIFO method, The EUP for materials is:

o 40,000
o 50,000
o 44,500
o 45,000
FIFO
% Materials % CC

WIP, Beginning 10,000 100% 10,000 60% 6,000

Finished and 30,000 100% 30,000 100% 30,000


Transferred
WIP, Ending 5,000 100% 5,000 90% 4,500

Normal Lost 2,000 0% 0 80% 1,600

Abnormal Lost 3,000 0% 0 80% 2,400

EUP 50,000 45,000 44,500

Weighted Average
% Materials % CC
Finished and 40,000 100% 40,000 100% 40,000
Transferred

WIP, Ending 5,000 100% 5,000 90% 4,500

Normal Lost 2,000 0% 0 80% 1,600

Abnormal Lost 3,000 0% 0 80% 2,400

EUP 50,000 45,000 48,500

Using FIFO method, The EUP for conversion cost is

o 52,500
o 44,250
o 44,500
o 42,750

Using Weighted Average method, The EUP for materials is

o 40,000
o 45,000
o 60,000
o 58,000
Using Weighted Average method, The EUP for conversion cost is

o 48,250
o 46,750
o 48,500
o 42,750

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