Figure 6-12 Reed Company manufactures steno pads.There are two processes: printing and binding.
The following information is given for the printing department for November.

The company uses FIFO inventory assumption.
-
Refer to Figure 6-12.What are the FIFO equivalent units for conversion?

Question

Figure 6-12 Reed Company manufactures steno pads.There are two processes: printing and binding.
The following information is given for the printing department for November.

The company uses FIFO inventory assumption.
- 
Refer to Figure 6-12.What are the FIFO equivalent units for conversion?

Quizplus · Accepted Answer

FIFO equivalent units for conversion = Beginning WIP + Units started and completed + Ending WIP= 12,000 + 288,000 + 6,000= 306,000

Figure 6-12 Reed Company Manufactures Steno Pads