The following production data were taken from the records of the finishing depar

Question

The following production data were taken from the records of the finishing department for June:

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.328 units

b.410 units

c.492 units

d.615 units

Inventory in process, June 1, 25% completed 260 units Transferred to finished goods during June 5,100 units Equivalent units of production during June 5,445 units

Explanation / Answer

Answer is b. 410 units

Explanation:

Total Finished Goods units: 5100 Less: Finished Goods from Beg. WIP 260 Finished Goods units from current input 4840 Total Equivalent units in June 5445 Less: Total Equivalent units of Finished Goods Of Beginning WIP (260*75%) 195 Of Current Input (4840*100%) 4840 Equivalent units of Ending WIP 410 units

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