Farwest Inc. uses the FIFO method in its process costing system. The following data concern the operations of the company's first processing department for a recent month. 
Required:
Using the FIFO method, determine the equivalent units of production for materials and conversion costs.
Definitions:
Epiphysis
The final segment of an elongated bone, at first developing apart from the central shaft.
Clavicle
An extended bone functioning as a support connecting the scapula and the breastbone, often called the collarbone.
Intramembranous
A method of bone development in which bones form directly from mesenchymal tissue, as seen in certain skull bones.
Endochondral
Endochondral ossification is the process by which cartilage is replaced by bone in the vertebrate skeletal system, essential for the formation of long bones and most of the skeleton.
Q3: Overhill Corporation uses the FIFO method in
Q16: The following accounts are from last year's
Q19: Beames Emergency Care Hospital uses the step-down
Q58: The Work in Process inventory account of
Q69: When the level of activity decreases, variable
Q102: The adjusted cost of goods sold that
Q149: Conversion cost is the sum of direct
Q163: Data for Cost A and Cost B
Q180: One assumption in CVP analysis is that
Q192: Last year, Walters Corporation's variable costing net