In March, Connor’s, Inc. completed 150,000 units; 12,000 units still in process at the end of the period were 60% complete with respect to materials and conversion.

Required:
a. How many equivalent units were in Connor’s ending work in process inventory?

b. How many equivalent units will be used to calculate the cost per equivalent unit?

Question

In March, Connor’s, Inc. completed 150,000 units; 12,000 units still in process at the end of the period were 60% complete with respect to materials and conversion.

Required:
a.	How many equivalent units were in Connor’s ending work in process inventory?

b.	How many equivalent units will be used to calculate the cost per equivalent unit?

Quizplus · Accepted Answer

The Answer of In March, Connor’s, Inc. completed 150,000 units; 12,000 units still in process at the end of the period were 60% complete with respect to materials and conversion.

Required:
a.	How many equivalent units were in Connor’s ending work in process inventory?

b.	How many equivalent units will be used to calculate the cost per equivalent unit?