Elmo has the following information for the month of October, its first month of operations

Work in Process October 1	0
Units completed and transfered out in October	120, 000
Work in Process, October 30	32,000
100% completed for materials
80% completed for conversion costs

Costs added in October

Materials	$145, 900
Dirct labour	$96,000
Overheads	$108,000

Required: (1.) Determine the equivalent units of production for October. (2 marks)

2.) Determine the cost of the ending work-in-process. (3.) Determine the cost of goods completed. (4) What is meant by the term equivalent full units?

(3 marks) (3marks) (2 marks)