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DM added at the start of production and CC added uniformly. No BWIP. During the current...

DM added at the start of production and CC added uniformly. No BWIP.
During the current period,

DM costs incurred $440        CC incurred $618
220 units started                  200 units completed

EWIP 40% complete as to CC

Based on the above data, compute equivalent units for CC.

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Answer #1

Equivalent units:

Conversion cost:

= Units completed + (Ending inventory X Percentage completed)

= 200 + (20 X 40%)

= 208

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