Corsi Company had the following department data: $$\begin{array} { l c }
& \text { Phvsical Units } \
\text { Work in process, beginning } & -0- \
\text { Completed and transferred out } & 70,000 \
\text { Work in process, ending } & 7,000
\end{array}$$ Materials are added at the beginning of the process.What is the total number of equivalent units for materials during the period?

Question

Corsi Company had the following department data: $$\begin{array} { l c } 
& \text { Phvsical Units } \
\text { Work in process, beginning } & -0- \
\text { Completed and transferred out } & 70,000 \
\text { Work in process, ending } & 7,000
\end{array}$$ Materials are added at the beginning of the process.What is the total number of equivalent units for materials during the period?

Quizplus · Accepted Answer

Equivalent units = Units completed and transferred out + (Ending work in process units x % complete)= 70,000 + (7,000 x 100%)= 70,000 + 7,000= 77,000

Corsi Company Had the Following Department Data Materials Are Added at the Beginning of the Process