CARDENES CORP.

Okay $...$ here are some simple facts:

The company makes paper clips. Every clip is exactly the same.

At the beginning there was no WIP and at the end there was no WIP. You made $10$ million

clips.

How many whole units worth of paper clips did you really do$?$

It cost $$1$ million to do this, what was the unit cost per clip?

Ok$...$ now let's pretend that you started the $10$ million. You didn't finish any. They were all

$75\%$ finished.

How many WHOLE units worth of paper clips did you really do$?($equivalent units$)$

It cost $$1$ million to do this, what was the unit cost per clip?

Now assume that you finished half of the clips. The remaining clips were $50\%$ complete.

How many whole units worth of paper clips did you really do$?($equivalent units$)$

It cost $$1$ million to do this, what was the unit cost per clip?