Vance Manufacturing Company began June 2011 with 10,000 units of inventory in process,20 percent completed.During the period,50,000 units were completed and transferred to the finished goods warehouse.Ending inventory consisted of 5,000 units,70 percent completed.Materials were added at the beginning of the process.
Calculate the equivalent units for:
a.Materials costs under the weighted average process cost method.
b.Conversion costs under the weighted average process cost method.
c.Materials costs under the FIFO process cost method.
d.Conversion costs under the FIFO process cost method.

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The Answer of Vance Manufacturing Company began June 2011 with 10,000 units of inventory in process,20 percent completed.During the period,50,000 units were completed and transferred to the finished goods warehouse.Ending inventory consisted of 5,000 units,70 percent completed.Materials were added at the beginning of the process.
Calculate the equivalent units for:
a.Materials costs under the weighted average process cost method.
b.Conversion costs under the weighted average process cost method.
c.Materials costs under the FIFO process cost method.
d.Conversion costs under the FIFO process cost method.

Vance Manufacturing Company Began June 2011 with 10,000 Units of Inventory