Department A had 4,300 units in work in process that were 62% completed as to labor and overhead at the beginning of the period, 34,700 units of direct materials were added during the period, 36,200 units were completed during the period; and 2,800 units were 20% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for material costs for the period was

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Department A had 4,300 units in work in process that were 62% completed as to labor and overhead at the beginning of the period, 34,700 units of direct materials were added during the period, 36,200 units were completed during the period; and 2,800 units were 20% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories.

The number of equivalent units of production for material costs for the period was

Expert Solution
Step 1

Given,

Beginning work in process = 4,300 units

Units started during the period = 34,700 units

Units completed during the period = 36,200 units

Ending work in process = 2,800 units

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