Problem - MediSecure, Inc., produces clear plastic containers for pharmacies in a process that starts in the Molding Department. Data concerning that department's operations in the most recent period appear below:
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Beginning work in process:
|
|
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Units in process
|
410
|
|
Stage of completion with respect to materials
|
69%
|
|
Stage of completion with respect to conversion
|
31%
|
|
Units started into production during the month
|
152,600
|
|
Units completed and transferred out
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152,620
|
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Ending work in process:
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|
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Units in process
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390
|
|
Stage of completion with respect to materials
|
74%
|
|
Stage of completion with respect to conversion
|
21%
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Required: MediSecure uses the FIFO method in its process costing system. Compute the equivalent units of production for the period for the Molding Department.