1. Work-in-progress at the end of the month amounts to 2,000 physical units. They are all 40% complete. What are the equivalent units of production? The cost of production is ÂŁ3 per equivalent unit. What is the value of work-in-progress?
2. In process X there are 12,000 units completely finished during the month and 3,000 units of work-in-progress. The work-in-progress is 60% complete for materials and 20 per cent complete for conversion costs (labour and overhead). What are the equivalent units of production for the work-in-progress?
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