A company's January 1 goods in process inventory contained 30,000 units that were 1/4 complete with respect to direct labor. The beginning inventory was completed this year and another 120,000 units were started. Of those started, 80,000 were finished and the remaining 40,000 were left 1/5 complete. Calculate the equivalent units of production for the year.© BrainMass Inc. brainmass.com June 3, 2020, 7:37 pm ad1c9bdddf
Note: the equivalent units will differ based on method of valuation used. If method is FIFO, the equivalent units are ...
The solution calculates the units of production in a year based on the process inventory of a company.