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F. Naz
F. Naz, Chartered Accountant
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If Department H had 500 units, 60% completed, in process at

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If Department H had 500 units, 60% completed, in process at the beginning of the period, 600 unit were completed during the period, and 600 nits were 30% completed at the end of the period, what was the number of euivalent units of producion for the period if the first-in, the first-out method is used to cost inventories?

2. If Department K had 2,000 units, 45% completed, in process at the begining of the period, 12,000 units were completed during the period and 1,200 units were 40% completed at the end of the period, what was the number of equalvalent units of production for the period if the firs-in, first-ot method is used to cost inventories?
Submitted: 6 years ago via Answerly.
Category: Homework
Expert:  F. Naz replied 6 years ago.

1

Opening stock 500 x 40% =200

add completed during

the period =100 (600-500)

add closing WIP 600 x 30%= 180

EUP = 480

 

2 Opening stock 2000 x 55% =1100

add completed during

the period =10000 (12000-2000)

add closing WIP 1200 x 40%= 480

EUP =11580

Customer: replied 6 years ago.

The top Question was incorrect written ..

If Department H had 500 units, 60% completed, in process at the beginning of the period, 6000 units were completed during the period, and 600 unit were 30% completed at the end of the period, what was the number of equivalent units of production for the period if the first-in, first-out method is used to cost inventories?

Expert:  F. Naz replied 6 years ago.
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