Solved: What is the equivalent units for material costs last period, Accounting Basics

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What is the equivalent units for material costs last period

Problem:

Victor Brothers manufactures livestock feed pellets. The following information is available about one of their organic pellets for last period:

Beginning inventory: 42,000 pellets
Started during period: 590,000 pellets
Ending inventory: 50,000 pellets

Materials and conversion costs are added evenly during the period. Beginning units are 20% complete and ending units are 10% complete. If they use weighted average method, what is the equivalent units for material costs last period?

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Accounting Basics: What is the equivalent units for material costs last period

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