(Solution) - Lawson Company produces a product where all manufacturing inputs are -(2025 Original AI-Free Solution)

Paper Details

Lawson Company produces a product where all manufacturing inputs are applied uniformly. Lawson produced the following physical flow schedule for March:
Units to account for:
Units in BWIP (40 percent complete) ....... 15,000
Units started ................. 35,000
Total units to account for ............ 50,000
Units accounted for: Units completed:
From BWIP .................. 10,000
Started and completed ............. 32,000
42,000
Units, EWIP (75 percent complete) ........ 8,000
Total units accounted for .............. 50,000
Required:
Prepare a schedule of equivalent units using the FIFO method.