Problem:
A company produces plastic cups in a one - department process.
Work -in- progress inventory beginning 0
Units Started 60,000
Units completed transferred 48,000
Work -in- process inventory, ending 12,000
The units in process at the end of the month are 100 percent complete with respect to materials and 50 percent complete with respect to conversion costs.
Required:
Question: What are the equivalent units for materials for the month?
Note: Be sure to show how you arrived at your answer.