Answer:
The equivalent units of production for October are :
Raw Materials = 423,750
Conversion Costs = 418,500
Explanation:
<u>Calculation of Equivalent Units of Production</u>
1. Raw Materials
Ending Work In Process Inventory (25,000 × 71%) 17,750
Completed and Transferred (406,000 × 100%) 406,000
Equivalent Units of Production for Materials 423,750
2. Conversion Costs
Ending Work In Process Inventory (25,000 × 50%) 12,500
Completed and Transferred (406,000 × 100%) 406,000
Equivalent Units of Production for Materials 418,500