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XYZ, Inc., Produces plastic containers for bakeries in a process that starts in the Molding Department. Data concerning that department's operations in the most recent period appear below: Beginning work in process: Units in process..... ....500 Completion with respect to materials.. 70% Completion with respect to conversion.. ..50% Units started into production during the month. ....153,600 Units completed and transferred out.. . 153,700 Ending work in process: Units in process...... 400 Completion with respect to materials.. .65% Completion with respect to conversion. ..30% Required: MS uses the average costing method in its process costing system. Compute the equivalent units of production for the period for the Molding DepartmentStep by Step Solution
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