Answer:
The equivalent unit of production = 63,787.5 units
Step-by-step explanation:
Given Data:
Unit transferred out = 57,000 units
Beginning work = 8,100 units
units started = 67,000 units
Units transferred out = beginning work + units started - Ending inventory
57,000 =8,100 + 67,000 - Ending inventory
57,000 = 75100 - Ending inventory
Ending inventory =75100 -57,000
= 18,100
Equivalent units of production for conversion cost = Units transferred out + (3/8 * ending inventory)
= 57,000 + (3/8 * 18,100)
= 57,000 + 6787.5
= 63,787.5
Therefore, the equivalent unit of production = 63,787.5 units