Question
An ice cream maker reports the following. Units Conversion Percent Complete Beginning work in process inventory 388,000 30% Units started this period 756,000 Units completed
An ice cream maker reports the following.
| Units | Conversion | |
|---|---|---|
| Percent Complete | ||
| Beginning work in process inventory | 388,000 | 30% |
| Units started this period | 756,000 | |
| Units completed and transferred out | 816,000 | |
| Ending work in process inventory | 328,000 | 65% |
Compute the total equivalent units of production for conversion. The company uses the weighted average method.
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Applying IFRS Standards
Authors: Ruth Picker, Kerry Clark, John Dunn, David Kolitz, Gilad Livne, Jance Loftus, Leo Van Der Tas
4th Edition
1119159229, 9781119159223
