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Given the following data:
Beginning Work in Process - 8,000 units - 40% complete
Units Completed and Transferred Out - 90,000 units
Ending Work in Process - 6,000 units - 20% complete
Problem 1. Assuming that materials are added at the beginning of the process, how much are the equivalent units of production for Material Costs?
Problem 2. Using the exact same information as in question above, what are the equivalent units of production for conversion costs?
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Demonstrate the equivalent units of production of conversion cost. In Process, beginning (3/5 additional work to be done), 24,000 units
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