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A department had 12,500 units which were 20% complete in beginning Goods in Process Inventory. During the current period 60,000 units were...

A department had 12,500 units which were 20% complete in beginning Goods in Process Inventory. During the current period 60,000 units were transferred in. Ending Goods in Process Inventory was 15,000 units which were 70% complete. Assume this company uses the FIFO method of process costing and direct material is added uniformly throughout the process. What are the equivalent units produced of direct material? (Points: 6)
65,500
57,000
37,000
47,500
25,000

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526824_ACC.xlsx

Computation of equilvalent units of direct materials(FIFO Method) Particulars direct materials($)
% Amount($) Opening work in progress inventory
Completed units transferred in the process
(60000...

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