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19 June, 13:38

Determine the total equivalent units for direct materials, assuming that the first-in, first-out method is used to cost inventories. Assume that all direct materials are placed in the process at the beginning of production.

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  1. 19 June, 13:54
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    37,000 units

    Explanation:

    The computation of the total equivalent units for direct material is shown below:

    = Transferred to finished goods during the month of July + Ending work in process during the month of July - Inventory in process, July 1

    = 37,500 units + 3,500 units - 4,000 units

    = 41,000 units - 4,000 units

    = 37,000 units

    We simply applied the above formula so that the total equivalent units for direct materials could come
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