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MediSecure, Inc., uses the FIFO method in its process costing system. It produces clear plastic containers for pharmacies in a process that starts in the
MediSecure, Inc., uses the FIFO method in its process costing system. It produces clear plastic containers for pharmacies in a process that starts in the Molding Department. Data concerning that departments operations in the most recent period appear below:
Beginning work in process: | ||
Units in process | 510 | |
Completion with respect to materials | 78 | % |
Completion with respect to conversion | 33 | % |
Units started into production during the month | 153,600 | |
Units completed and transferred out | 153,610 | |
Ending work in process: | ||
Units in process | 500 | |
Completion with respect to materials | 76 | % |
Completion with respect to conversion | 29 | % |
Required:
Compute the Molding Department's equivalent units of production for materials and conversion for the period. (Round your intermediate and final answers to the nearest whole number.)
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