Homework Answers
Answer- The equivalent units material = 126000 units & for conversion = 124500 units.
Explanation-
| PRODUCTION COST REPORT | |||
| PARTICULARS | PHYSICAL UNITS | EQUIVALENT UNITS | |
| MATERIALS | CONVERSION COSTS | ||
| Quantities | |||
| Units to be accounted for | |||
| Beginning work in process | 20000 | ||
| Add- Started into production | 115000 | ||
| Total units | 135000 | ||
| Units accounted for | |||
| Transferred out for | 120000 | 120000 | 120000 |
| Work in process, January 31 | 15000 | 15000*40%=6000 | 15000*30%=4500 |
| Total Equivalent units | 135000 | 126000 | 124500 |
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