§
25,000 2,250,000
§
7
§
11,000 77,000 3,327,000 Accounted for
100 2,460,000 97 1,055,000 3,515,000
*
Opening work in progress is 100% complete as to direct materials so zero equivalent units of direct materials need to be added to complete opening work in progress.
†
Opening work in progress is 60% complete as to conversion costs, which equals 12 equivalent units of conversion costs. To complete the 20 physical units of opening work in progress, 8 (20 − 12) equivalent units of conversion costs need to be added.
‡
90 total equivalent units completed and transferred out (Solution Exhibit A) minus 20 equivalent units completed and transferred from opening stock equals 70 equivalent units.
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