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 500
- Stage of completion with respect to materials 80%
- Stage of completion with respect to conversion 40%
- Units started into production during the month 153,600
- Units completed and transferred out 153,700
- Ending work in process:
- Units in process 400
- Stage of completion with respect to materials 75%
- Stage of completion with respect to conversion 20%
Required:
MediSecure uses the FIFO method in its process costing system. Compute the equivalent units of production for the period for the Molding Department.