Department A had 5,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period, 34,000 units of direct materials were added during the period, 31,000 units were completed during the period, and 2,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. 1. The number of equivalent units of production for material costs for the period was a. 34,000 b. 29,800 c. 29,000 d. 32,000

29,600

Explanation:

Given:

•5000 units work in progress which is 60% completed

•Direct materials added = 34000 units

•units completed = 31000 units

•2000 unit which comprises 80% completed of labour and overhead at end of period.

Therefore,

Units of work in progress completed =

5000 * 60℅

= 5000 * 0.6 = 3000

Thus, remaining units will be:

5000 - 3000 = 2000

Since there were 31000 units completed, we deduct it from work in progress

= 31000 - 5000

= 26000

Units completed as to labour and overhead =

2000 * 80℅

= 2000 * 0.80

= 1600 units

Therefore, the number of equivalent units of production for material costs for the period will be calculated as:

2000 + 26000 + 1600

= 29,600 units

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