147. A company's January 1 goods in process inventory contained 30,000 units that were one-fourth complete with respect to direct labor. The beginning inventory was completed this year and another 120,000 units were started. Of those started, 80,000 were finished and the remaining 40,000 were left one-fifth complete. Using FIFO, calculate the equivalent units of production for the year.
148. A company's January 1 goods in process inventory contained 30,000 units that were one-fourth complete with respect to direct labor. The beginning inventory was completed this year and another 120,000 units were started. Of those started, 80,000 were finished and the remaining 40,000 were left one-fifth complete. Using weighted average, calculate the equivalent units of production for the year.
149. The following data are available for Osman Corp. for the current year:
Beginning inventory of goods in process
12,000 units, 60% completed
Ending inventory of goods in process
18,000 units, 30% completed
Units completed and transferred to
finished goods during the year
144,000 units
Using FIFO, calculate the equivalent units of production for the year.
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