Calculate the equivalent units of production

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Reference no: EM1376092

O'Leon Enterprises makes Perfect shampoo for professional hair stylists. On 31st July, it had 5,200 liters of shampoo in process that were 80 % complete in regard to conversion costs and 100 % complete in regard to direct materials costs. During August, it put 212,500 liters of direct materials into production. Data for Work in Process Inventory on 31st August were as follows: shampoo, 4,500 liters; stage of completion, 60 % for conversion costs and 100 % for direct materials. From this information, calculate the equivalent units of production for direct materials and conversion costs for month. Use the FIFO costing method.

Reference no: EM1376092

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