MediSecure, Inc., produces clear plastic containers for pharmacies in a process that starts in the Molding Department. Data concerning that department's operations in the most recent period appear below:
Beginning work in process:
Units in process 410
Stage of completion with respect to materials 69%
Stage of completion with respect to conversion 31%
Units started into production during the month 152,600
Units completed and transferred out 152,620
Ending work in process:
Units in process 390
Stage of completion with respect to materials 74%
Stage of completion with respect to conversion 21%
Required:
MediSecure uses the FIFO method in its process costing system. Compute the equivalent units of production for the period for the Molding Department.