The fabricating department has the following production and cost data for the current month.
|
Beginning Work in Process |
Units Transferred Out |
Ending Work in Process |
|
0 |
15,000 |
10,000 |
Materials are entered at the beginning of the process. The ending work in process units are 30% complete as to conversion costs. Compute the equivalent units of production for (a) materials and (b) conversion costs.
To measure the work done during the period, expressed in fully completed units, compute equivalent units of production.
Use the appropriate formula: Units completed and transferred out + Equivalent units of ending work in process = Equivalent units of production.