Cornerstones of Managerial Accounting 4th Edition by Maryanne Mowen, Don Hansen, Dan Heitger

Exercise 74

(Appendix 6A) First-In, First-Out Method; Equivalent Units
Lawson Company produces a product where all manufacturing inputs are applied uniformly. Lawson produced the following physical flow schedule for March:
Required:
Prepare a schedule of equivalent units using the FIFO method.