Tip Top Painting Company has the following production data for January:
$\bullet$Beginning work in process 0 units
$\bullet$Units transferred out 35000
$\bullet$Units in ending work in process 10000 which are 30% complete for conversion costs
Materials are added only at the beginning of the process.
Instructions
Compute equivalent units of production for both materials and conversion costs.

Question

Quizplus · Accepted Answer

The Answer of Tip Top Painting Company has the following production data for January:
$\bullet$Beginning work in process 0 units
$\bullet$Units transferred out 35000
$\bullet$Units in ending work in process 10000 which are 30% complete for conversion costs
Materials are added only at the beginning of the process.
Instructions
Compute equivalent units of production for both materials and conversion costs.

Tip Top Painting Company Has the Following Production Data for January