The following equivalent unit figures were taken from the December production cost report of the Distillation Department

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The following equivalent unit figures were taken from the December production cost report of the Distillation Department of Oil City Lubricants:

                            

If the Distillation Department’s ending inventory on December 31 is comprised of 10,000 equivalent units of direct materials and 2,000 equivalent units of conversion, how many units were started and completed by the department during December?

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Financial and Managerial Accounting the basis for business decisions

ISBN: 978-0078025778

17th edition

Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello

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