Figure 6-17 Quinn Corporation produces a product that passes through two processes.During October, the first department transferred 20,000 units to the second department.The cost of the units transferred was $60,000.Materials are added uniformly in the second process.The following information is provided about the second department's operations during October:

-Refer to Figure 6-17.The equivalent units for conversion using FIFO would be

Question

Figure 6-17 Quinn Corporation produces a product that passes through two processes.During October, the first department transferred 20,000 units to the second department.The cost of the units transferred was $60,000.Materials are added uniformly in the second process.The following information is provided about the second department's operations during October:
 
-Refer to Figure 6-17.The equivalent units for conversion using FIFO would be

Quizplus · Accepted Answer

The FIFO method calculates equivalent units based on work done during the period. It considers units completed and transferred out, plus the work done on ending inventory, minus the work done on beginning inventory.

Figure 6-17 Quinn Corporation Produces a Product That Passes Through