The Molding Department of Boswell Company has the following production data: beginning work process 40000 units (60% complete) started into production 730000 units completed and transferred out 690000 units and ending work in process 80000 units (40% complete). Assuming materials are entered at the beginning of the process equivalent units for materials are:

Question

Quizplus · Accepted Answer

Equivalent units for materials are equal to the units started into production plus the equivalent units in beginning work in process. In this case, the units started into production are 730,000 and the equivalent units in beginning work in process are 40,000 * 60% = 24,000. Therefore, the equivalent units for materials are 730,000 + 24,000 = 770,000.

The Molding Department of Boswell Company Has the Following Production