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Calculating Equivalent units in process costing

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Units Costs
Work in process, march 1st 100 1,500
Work in process march 31st. 200 (a)

During March 1,000 units were started and costs incurred during the month were $18,500. Ending inventory was 50% complete. Based on the information given, (a) would be what amount?

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Solution Summary

The solution explains how to calculate the equivalent units given the degree of completion and assigning the cost to ending inventory

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We first calculate the equivalent units. Starting work in process is 100 units and 1,000 units were started. So total units are 1,100. Of these 200 are in ...

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