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16 January, 17:33

The Finishing Department had 11,500 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 34,500 units were received from the previous department. The ending Work-in-Process Inventory consisted of 4,500 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. What are the equivalent units of production for materials during the period? 34,500 units. 32,250 units. 30,000 units. 27,500 units.

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  1. 16 January, 21:21
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    The equivalent units of production for materials during the period is 32,250 units.

    Explanation:

    Using first-in, first-out

    Units Started and completed are the units received from the previous department - ending

    34,500 - 4,500=30,000

    Units in production for materials

    Beginning WIP 0 (the whole materials were added at the previous period)

    Started and completed 30,000

    Ending WIP 2,250 (4,500 x 0,50) (50% complete as to materials)

    Total materials 32,250
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