Question

Calculate the equivalent units of production for the forming department.

Answer 1

To calculate the equivalent units of production for the forming department, you need to consider both completed units and partially completed units. Here is a step-by-step process to calculate the equivalent units.

Step-by-step explanation:

To calculate the equivalent units of production for the forming department, you need to consider both completed units and partially completed units. Equivalent units represent the number of fully completed units that could have been produced with the same amount of resources used to produce both completed and partially completed units.

Here is a step-by-step process to calculate the equivalent units:

1. Determine the number of completed units produced by the forming department.
2. Determine the percentage of completion for partially completed units. Multiply the number of partially completed units by the percentage of completion to determine the equivalent units for those units.
3. Add the equivalent units for completed units and partially completed units to get the total equivalent units of production for the forming department.