MediSecure, Inc., uses the FIFO method in its process costing system. It produces clear plastic containers for pharmacies in a process that starts in the Molding Department. Data concerning that department’s operations in the most recent period appear below:         Beginning work in process:     Units in process 420   Completion with respect to materials 80 % Completion with respect to conversion 36 % Units started into production during the month 153,600   Units completed and transferred out 153,650   Ending work in process:     Units in process 370   Completion with respect to materials 69 % Completion with respect to conversion 15 %     Required: Compute the Molding Department's equivalent units of production for materials and conversion for the period.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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MediSecure, Inc., uses the FIFO method in its process costing system. It produces clear plastic containers for pharmacies in a process that starts in the Molding Department. Data concerning that department’s operations in the most recent period appear below:

 

     
Beginning work in process:    
Units in process 420  
Completion with respect to materials 80 %
Completion with respect to conversion 36 %
Units started into production during the month 153,600  
Units completed and transferred out 153,650  
Ending work in process:    
Units in process 370  
Completion with respect to materials 69 %
Completion with respect to conversion 15 %
 

 

Required:

Compute the Molding Department's equivalent units of production for materials and conversion for the period. (Round your intermediate and final answers to the nearest whole number.)

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