Question

Concord Company had the following department information about physical units and percentage of completion: Physical Units Work in process, May 1 (65%) 60800 Completed and transferred out 181000 Work in process, May 31 (35%) 50000 If all materials are added at the beginning of the production process, what is the total number of equivalent units for materials during May

Answer 1

the total number of equivalent units for materials during May are 231,000

Step-by-step explanation:

Note : all materials are added at the beginning of the production process.

This means that Both the Units in Closing Work In Process and the Units Completed and Transferred to Finished Goods are 100% complete in terms of Material input.

Closing Work In Process (50000×100%) = 50,000

Completed and Transferred to Finished Goods (181000×100%) = 181,000

Total number of equivalent units = 231,000