The following data are available for Osman Corp.for the current year:
$\begin{array}{llr}
\text { Beginning inventory of goods in } & \text {12,000 units, $ 60 \% $ completed}\
\text { process} &\
\text { Ending inventory of goods in process } & \text {18,000 units, $ 30 \% $ completed}\
\text { Units completed and transferred to} &\
\text { finished goods during the year } & \text {144,000 units}\
\end{array}$

Using FIFO,calculate the equivalent units of production for the year.

Question

The following data are available for Osman Corp.for the current year:
 $\begin{array}{llr}
  \text {  Beginning inventory of goods in } & \text {12,000 units, $ 60 \% $ completed}\
 \text {  process} &\
 \text {  Ending inventory of goods in process  } & \text {18,000 units, $ 30 \% $ completed}\
 \text {  Units completed and transferred to} &\
 \text {  finished goods during the year } & \text {144,000 units}\
\end{array}$
 
Using FIFO,calculate the equivalent units of production for the year.

Quizplus · Accepted Answer

The Answer of The following data are available for Osman Corp.for the current year:
 $\begin{array}{llr}
  \text {  Beginning inventory of goods in } & \text {12,000 units, $ 60 \% $ completed}\
 \text {  process} &\
 \text {  Ending inventory of goods in process  } & \text {18,000 units, $ 30 \% $ completed}\
 \text {  Units completed and transferred to} &\
 \text {  finished goods during the year } & \text {144,000 units}\
\end{array}$
 
Using FIFO,calculate the equivalent units of production for the year.

The Following Data Are Available for Osman Corp Using FIFO,calculate the Equivalent Units of Production for the Year