Compute the equivalent units of production for the prior department costs for the month of August. Information

Question:

Compute the equivalent units of production for the prior department costs for the month of August.
Information about production in the fabricating department of the C&C Company for August 2016 follows:
Beginning inventory.......................................-0-
Transferred in from prior department.........12,000 units
Transferred out to next department.............9,000 units
, work in process..............3,000 units
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...