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21 January, 02:58

Yummy Tummy Desserts has 3 comma 200 quarts of ice cream in WIP Inventory, with all materials already added. What are equivalent units in ending WIP Inventory for materials if the ice cream is 72 % through the process?

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  1. 21 January, 03:29
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    3,200 equivalent units materials

    Explanation:

    As all the materials already added they are at 100% completed thus:

    physical units x percentage of completion

    3,200 units x 100% = 3,200 equivalent units for materials

    The 72% percent of completion will be used for the conversion cost as it represent the amount of labor and overhead which has been applied into the units.
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Home » Business » Yummy Tummy Desserts has 3 comma 200 quarts of ice cream in WIP Inventory, with all materials already added. What are equivalent units in ending WIP Inventory for materials if the ice cream is 72 % through the process?
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