Answer:
the equivalent units of production for materials = 352,616 units,
the equivalent units of production for for labor and overhead (conversion) = 339,304 units
Explanation:
First Determine the physical units that were Completed and Transferred out
<em>Units Completed and Transferred = Units in Opening Work In Process + Units Started During the Year - Units in Closing Work In Process</em>
= 80,400 + 301,400 - 51,200
= 330,600
Calculation of Equivalent Units of Production for
1. Materials
Units Completed and Transferred ( 330,600 × 100%) = 330,600
Units in Closing Work In Process ( 51,200 × 43%) = 22,016
Total Equivalent Units of Production for Materials = 352,616
2. Labor and Overhead
Units Completed and Transferred ( 330,600 × 100%) = 330,600
Units in Closing Work In Process ( 51,200 × 17%) = 8,704
Total Equivalent Units of Production for Conversion = 339,304
