Calculating equivalent units of production for the year


Problem:

The following data is available for Osman Corp. for the current year:

Beginning inventory of goods in process         12,000 units 60% completed
Ending inventory of goods in process              18,000 units 30% completed
Units completed and transferred
to finished goods during the year                    144,000 units

Calculate the equivalent units of production for the year.

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Accounting Basics: Calculating equivalent units of production for the year
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