The Molding Department of Boswell Company has the following production data: beginning work process 40,000 units (60% complete), started into production 680,000 units, completed and transferred out 640,000 units, and ending work in process 80,000 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 calculated by adding the units completed and transferred out to the equivalent units in ending work in process. Since materials are added at the beginning, all units in process are considered 100% complete for materials. Therefore, equivalent units for materials = 640,000 (completed and transferred out) + 80,000 (ending work in process) = 720,000.

The Molding Department of Boswell Company Has the Following Production