S5-5 Compute equivalent units (process costing Step 2) (Learning Objective 2)

Top Glove provided the following data for December for the first department in its production line:

Units Materials Overhead Work in process inventory, Dec. 1...................... 40,000 Units started in process...................................... 100,000 Units transferred out.......................................... 110,000 Work in process inventory, Dec. 31.................... 30,000 The work in process inventory on December 1 was 50% complete with respect to materials and overhead. The ending work in process inventory was 70% complete with respect to materials and overhead. Complete the table above by computing the equivalent units of direct materials and overhead in the department.