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The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1, 25% completed 300 units Transferred
The following production data were taken from the records of the Finishing Department for June:
Inventory in process, June 1, 25% completed | 300 units |
Transferred to finished goods during June | 4,600 units |
Equivalent units of production during June | 5,125 units |
Determine the number of equivalent units of production in the June 30, Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. The completion percentage of 25% applies to both direct materials and conversion costs.
a.720
b.600
c.900
d.480
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