Department S had 500 units 67% completed in process at the beginning of the period; 7,500...

Department S had 500 units 67% completed in process at the beginning of the period; 7,500 units completed during the period; and 800 units 36% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost.

Expert Solution

number of equivalent units of production for the period for conversion	7,453.00
Statement of Equivalent production
Particulars	Direct Materials	%completion	Equivalent mat	Conversion	%completion	Equivalent Conv
Opening WIP	500.00	33%	165.00	500.00	33%	165.00
Units started and completed (7500 - 500)	7,000.00	100%	7,000.00	7,000.00	100%	7,000.00
Ending WIP	800.00	36%	288.00	800.00	36%	288.00
Equivalent Units			7,453.00			7,453.00

ekkarill92 answered 1 year ago

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