At the beginning of August 20x1, CHN Corporation had 100 units in beginning work in process, which were 100% complete with respect to materials and 20% complete with respect to conversion. CHN started 500 units during August. Ending work in process consisted of 50 units, which were 100% complete with respect to materials and 60% complete with respect to conversion.
a)Calculate CHN's equivalent units for August using the FIFO method.
b)Calculate CHN's equivalent units for August using the weighted average method.

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The Answer of At the beginning of August 20x1, CHN Corporation had 100 units in beginning work in process, which were 100% complete with respect to materials and 20% complete with respect to conversion. CHN started 500 units during August. Ending work in process consisted of 50 units, which were 100% complete with respect to materials and 60% complete with respect to conversion.
a)Calculate CHN's equivalent units for August using the FIFO method.
b)Calculate CHN's equivalent units for August using the weighted average method.

At the Beginning of August 20x1, CHN Corporation Had 100