Fundamentals of Cost Accounting: E8-16 Clean Corporation manufactures liquid window cleaner

Fundamentals of Cost Accounting E8-16 Compute Equivalent Units: FIFO Method Refer to the data in Exercise 8-15. Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process: Beginning inventory, 37,100 (50 percent complete with respect to materials and 30 percent complete with respect to conversion costs). Transferred out, 212,400 gallons. Ending inventory (materials are 20 percent complete; conversion costs are 9 percent complete). Started this month, 239,500 gallons. Required: a. Compute the equivalent units for materials using FIFO (in gallons) b. Compute the equivalent units for conversion costs using FIFO (in gallons)
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