quivalent Units of Materials Cost The Filling Department of Ivy Cosmetics Company had 4,800 ounces in beginning work in process inventory (30% complete). During the period, 79,900 ounces were completed. The ending work in process inventory was 4,000 ounces (70% complete). What are the total equivalent units for direct materials if materials are added at the beginning of the process? ________ units
Equivalent Units of Materials Cost
The Filling Department of Ivy Cosmetics Company had 4,800 ounces in beginning work in process inventory (30% complete). During the period, 79,900 ounces were completed. The ending work in process inventory was 4,000 ounces (70% complete).
What are the total equivalent units for direct materials if materials are added at the beginning of the process?
________ units
Equivalent units means converting the incomplete production units into their equivalent completed units. Under each process, an estimate is made of the percentage completion of work-in-progress with regard to different elements of costs like material, labour, and overhead.
Equivalent units = Actual number of units in process of manufacture x Percentage of completion
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