Question

Compute the Total Equivalent Units of Production; Beg WIP Units =10,000 Units (50% Complete) End WIP Units=20,000 Units (10% complete) Units Completed During the Period =55,000 units Show your Answer as a Number only with no Symbols, Commas, or Dollar Signs.

Answer 1

To compute the Total Equivalent Units of Production, you need to consider the units in the beginning WIP, completed during the period, and ending WIP. Add the equivalent units for each to get the Total Equivalent Units of Production.

Step-by-step explanation:

To compute the Total Equivalent Units of Production, we need to consider the number of units in the beginning work in progress (WIP), the number of units completed during the period, and the number of units in the ending WIP.

First, let's calculate the equivalent units for the beginning WIP. Since it is 50% complete, we multiply the units by 50%, which is 10,000 * 50% = 5,000 equivalent units.

Next, we calculate the equivalent units for the units completed during the period, which is simply the number of units completed, given as 55,000 units.

Finally, we calculate the equivalent units for the ending WIP. Since it is 10% complete, we multiply the units by 10%, which is 20,000 * 10% = 2,000 equivalent units.

To find the Total Equivalent Units of Production, we add the equivalent units for the beginning WIP, units completed during the period, and ending WIP: 5,000 + 55,000 + 2,000 = 62,000 units.