The following information relates to the Smithfield Company for July 2004:

Required:

a. Calculate the number of equivalent units of production.

b. Calculate the cost per equivalent unit of production.

c. Calculate the cost of the ending work-in-process inventory.

d. Calculate the cost of the completed units.

Transcribed Image Text:

Units completed in July Work-in-process at July 31 Cost information: Cost of the beginning work-in-process Current month's production cost Units Percent Complete 231,000 8,500 40% $ 7,020 $166,436