Computing Equivalent Units

Compute equivalent units of production for the period for each of the following separate scenarios. In your calculations, simply calculate work done during the period, ignoring the application of any particular costing method.

1. The company had 40,000 units in ending inventory that had 40% of materials added and were 30% complete as to conversion costs. 2. The company worked on 325,000 units, 250,000 of which are fully completed and 75,000 which are 80 percent complete at the end of the period for materials and conversion costs. 3. The company worked on 88,000 units which are now in ending inventory. Materials are added at the end of the process and the process is 60 percent complete as to labor and overhead. 4. The company finished work on the 38,500 units that were in its beginning inventory of the period. These units had 70 percent of materials added and were 35 percent complete as to labor and overhead at the start of the production period. 5. The company started and completed 25,000 units and completed 5,000 units of its beginning inventory that had all of its materials but were only 15 percent complete as to labor and overhead at the start of the production period