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Unformatted text preview: A. The percentage of completion. Problem ( 60 points ) A company's January 1 goods in process inventory contained 30,000 units that were 1/4 complete with respect to direct labor. The beginning inventory was completed this year and another 120,000 units were started. Of those started, 80,000 were finished and the remaining 40,000 were left 1/5 complete. Calculate the equivalent units of production for the year. 25% of 30,000 (7,500) complete 100% of 80,000 (80,000) complete 20% of 40,000 (8,000) complete 7,500 + 80,000 + 8,000 = 95,500 Equivalent units of production for the year = 95,000...
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This note was uploaded on 07/10/2011 for the course AC 202 taught by Professor Nancyeverett during the Spring '09 term at Park.
- Spring '09