Answer:
FIFO 90,000
W/A 108,000
Explanation:
There are two method for process costying FIFO and Weighted Average (WA) as there is no indication we will do both:
The difference is that FIFO discriminate bwetween started and completed units and completed units. therefore, the complete beginning inventory is subtracted.
As the materials are added at the beginning of the period then both, beginning and ending are at 100%
completed units 81,000
ending WIP 27,000
beginning WIP (18,000)
equivalent units FIFO 90,000
complete units 81,000
ending WIP 27,000
equivalent untis Weighted average 108,000
