Savers Manufacturers Money Boxes
Savers manufacturers money boxes. All necessary material is added at the beginning of process 1.
1 August: 3,000 money boxes in process, 30% complete.
31 August: 1,800 money boxes in process, 25% complete.
Material added was sufficient to commence production on 16,800 units.
Opening Balance of W.I.P.: Material $2,250
Conversion costs $900
Costs added during August: Material $15,120
Conversion costs $13,800
Conversion costs are added uniformly throughout the process.
Determine equivalent units of production.