4. The Rnishing Department had 7,000 incomplete units in Rs beginning Work-in-Pr

Question

4. The Rnishing Department had 7,000 incomplete units in Rs beginning Work-in-Process Inventory which were 00% complete as to materials and 30% complete as to conversion costs. 21,000 units were received from the previous department. The ending work-in-Process Imer tory consisted of 2750 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first first-out (FIFO) process costing What are the equivalent unts of production for matenals during the perod? O 21000 units O 19,625 units O 18.250 units O 16750 units O Type here to search 6 8

Explanation / Answer

Solution: Option(b) is correct i.e. 19,625 units

Explanation: Equivalent units of production for materials = Beginning inventory+ started and completed + Ending inventory = 0 + (21000-2750) + 2750(0.5) = 19,625 units.

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