Calculating the equivalent units of direct material

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Reference no: EM133346200

Question: For a manufacturer with a process costing system, the following data relate to the year just ended is given:

	Percentage of completion
	Units	Direct material	Conversion
Work in process, 1 January	40,000 litres	60%	40%
Work in process, 31 December	30,000 litres	70%	20%

During the year the company started 200,000 litres of material in production

Calculating the equivalent units of direct material for the year using weighted average method.

Reference no: EM133346200

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