Lenning Corporation uses the first-in, first-out method in its process costing. The following data pertain to its Assembly Department for August.
Required:Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the first-in, first-out method.

Question

Lenning Corporation uses the first-in, first-out method in its process costing. The following data pertain to its Assembly Department for August.
  Required:Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the first-in, first-out method.

Quizplus · Accepted Answer

The Answer of Lenning Corporation uses the first-in, first-out method in its process costing. The following data pertain to its Assembly Department for August.
  Required:Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the first-in, first-out method.

Lenning Corporation Uses the First-In, First-Out Method in Its Process