ABC company computes equivalent units to determine the cost per unit of a completed product. It has 100,000 in beginning work in process where 100% complete as to material costs, and 70% complete as to conversion costs. 800,000 units started into production and 600,000 units transferred out to finished goods. 300,000 units in ending work in process where 100% complete as to material costs, and 60% complete as to conversion costs. Equivalent units of production for materials and conversion costs are:

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To calculate the equivalent units of production for materials and conversion costs we need to consid... View the full answer