The beginning inventory consisted of 10,000 units, 30 percent complete and the ending inventory consisted of 8,000 units, 40 percent complete. There were 22,000 units started during the period.
Determine the equivalent units of conversion in process

Question

Quizplus · Accepted Answer

Completed Units = Beginning Inventory + Started - Ending Inventory = 10,000+ 22,000 - 8000
= 24,000 units.
Completed + Ending Inventory = 24,000 Units + (40%)(8,000) = 27,200 units

The Beginning Inventory Consisted of 10,000 Units, 30 Percent Complete