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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 Preview

    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 ...

    Solution Summary

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