| Inventory in process, 6-1, |
|
| 25% completed |
1,500 units |
| Transferred to finished goods |
|
| during June |
5,000 units |
| Equivalent units of production |
|
| during June |
5,200 units |
Determine the number of equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories. Assume the completion percentage of 25% applies to both direct materials and conversion costs.