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The following are related to conversion cost: Opening WIP: 100 units (20% completed); New units taken up during the period: 500 units; Closing WIP: 50

  1. The following are related to conversion cost: Opening WIP: 100 units (20% completed); New units taken up during the period: 500 units; Closing WIP: 50 units (80% completed). The Equivalent Units is equal to:

  1. Refer the input given in the above question. You have the following additional information: Value of Opening Work-in-process: 2000; Expenses incurred during the period: 40,000. The cost per EU

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