Question

department G had 8000 units in work in process that were 40% converted at the beginning of the period at a cost of 19450. During the period, 18000 units of direct materials were added at a cost of $54000, 18500 units were completed, and 7500 units were 40% completed. The first in, first out method is used and all the materials are added at the beginning of the4 process. Direct labor was $32,500, and factory overhead was $66320 during the period. the number of equivalents units of conversion for the period was?

Answer 1

The number of equivalents units of conversion for the period was

Statement of Equivalent Production Units (Under FIFO Method)
Input Details	Units	Output	units	Equivalent Units
		Particulars		%	Units
			a	b	c=a*b
Opening W.I.P	8,000	From Opening W.I.P	8,000	60	4,800
Units Introduced	18,000	From Inputs	10,500	100	10,500
		Finished Output	18,500
		Closing W.I.P	7,500	40	3,000
Total	26,000	Total (Finished + C.WIP)	26,000		18,300