Chapter 4.A, Problem 5E

EXERCISE 4A-5 Computation of Equivalent Units of Production-FIFO Method LO4-6

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 concerns that department's operations in the most recent period appear below:

Beginning work in process:

Units in process	500
Completion with respect to materials	80%
Completion with respect to conversion	40%
Units started into production during the month	153,600
Units completed and transferred out	153,700
Ending work in process:
Units in process	400
Completion with respect to materials	75%
Completion with respect to conversion	20%

Required:

Compute the Molding Department’s equivalent units of production for materials and conversion for the period.