Lenning Corporation uses the FIFO method in its process costing. The following data pertain to its Assembly Department for August. Percent Complete UnitsMaterialsConversionWork in process, August 1850?60?%50?%Units started into production during August8800? Units completed during August and transferredto the next department8300? Work in process, August 311350?70?%40?%Required:Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for August using the FIFO method.?MaterialsConversionEquivalent units of production??
What will be an ideal response?
| ? | Materials | Conversion |
| Equivalent units of production | 8735? | 8415? |
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a. practical capacity. b. theoretical capacity. c. budgeted capacity. d. normal capacity.
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Indicate whether the statement is true or false
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What will be an ideal response?