Solution-What are equivalent units of production for

What are equivalent units of production for monthof dec

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Reference no: EM132774397

Department II of Lucky Company presents the following production data for the month of May,2020:

Opening Inventory 4,000 units

Started in Process 13,000 units

Transferred 9,000 units

Closing inventory ½ completed 4,000 units

¾ completed 4,000 units

Problem 1: What are the equivalent units of production for the month of December 2020

FIFO METHOD AVERAGE METHOD

a. 12,500 units 13,000 units

b. 12,500 units 14,000 units

c. 17,000 units 12,500 units

d. 15,000 units 14,000 units

Reference no: EM132774397

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What are equivalent units of production for monthof dec

Reference no: EM132774397

Reference no: EM132774397

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