What are the equivalent units of production for the month

What are the equivalent units of production for the month

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Reference no: EM132986477

Question: Department II of Z Manufacturing Company presents the following Production data for the month of May 2020

Opening inventory, 3/8 completed 4,000 units

Started in process 13,000 units

Transferred 9,000 units

Closing inventory, 1/2 completed 5,000 units

3/4 completed 3,000 units

Requirements

What are the equivalent units of production for the month of May, 2020

1. Average Method

2. FIFO Method

Reference no: EM132986477

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