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Find what are equivalent units of production for materials

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Reference no: EM132605997

Vare produces various links at its Normanton factory. Production details for process one are as follows:

Opening work-in-progress, 1 April 400 units 60%complete

Closing work-in-progress, 30 April 600 units 20%complete

Units started 1,000

Units finished 800

The degree of completion quoted relates to labor and overhead costs. Three-quarters of the materials are added at the start of the process and the remaining quarter added when the process is 50% complete. The company uses the FIFO method of cost collection.

Question 1: What are the equivalent units of production for materials in the period?

Reference no: EM132605997

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