Work in progress

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November 12, 2014 at 4:11 am #209231
Iqra
Member
- Topics: 21
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No losses or gains occur in a manufacturing process. There was no work in progress (WIP) at the start of a period during which 9,600 litres of a raw material were input to the process. 8,700 litres of finished product were output from the process in the period.
The stage of completion of the WIP was:
Materials
100%
Conversion costs
60%
What were the equivalent units of production in the period?
And i want to ask you that where can i find fa1 lecture videos
November 12, 2014 at 12:46 pm #209335
John Moffat
Keymaster
- Topics: 57
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For materials, the equivalent units are 9,600.
For conversion costs, the equivalent units at 8700 + (900 x 60%) = 9240.
There are not lectures for FA1, however there are Paper F2 lectures on work-in-progress
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