The Following Data Are Available for Osman Corp Using FIFO,calculate the Equivalent Units of Production for the Year

Essay

The following data are available for Osman Corp.for the current year:
$\begin{array}{llr} \text { Beginning inventory of goods in } & \text {12,000 units, \( 60 \% \) completed}\\ \text { process} &\\ \text { Ending inventory of goods in process } & \text {18,000 units, \( 30 \% \) completed}\\ \text { Units completed and transferred to} &\\ \text { finished goods during the year } & \text {144,000 units}\\\end{array}$

Using FIFO,calculate the equivalent units of production for the year.