The Finishing Department had 11,500 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 34,500 units were received from the previous department. The ending Work-in-Process Inventory consisted of 4,500 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. What are the equivalent units of production for materials during the period? 34,500 units. 32,250 units. 30,000 units. 27,500 units.

Question

Nicholas Ortega

Business

11 September, 07:25

The Finishing Department had 11,500 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 34,500 units were received from the previous department. The ending Work-in-Process Inventory consisted of 4,500 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing. What are the equivalent units of production for materials during the period? 34,500 units. 32,250 units. 30,000 units. 27,500 units.

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Cortez Gross · Answer 1

The equivalent units of production for materials during the period is 32,250 units.

Explanation:

Using first-in, first-out

Units Started and completed are the units received from the previous department - ending

34,500 - 4,500=30,000

Units in production for materials

Beginning WIP 0 (the whole materials were added at the previous period)

Started and completed 30,000

Ending WIP 2,250 (4,500 x 0,50) (50% complete as to materials)

Total materials 32,250