Practice questions:
In one period a processing company had the following information:
Units received for previous process 16,000
Value of units received £910,000
Processing costs:
Labour and overheads £701,200
Materials introduced £49,500
There was no WI P at the beginning of the period, but at the end of the period there was WI P of 3,800 units which were 100% complete for materials and 50% complete for labour and overheads.
Calculate the number of equivalent units produced.