Computation of Equivalent Production. Jorcano Manufacturing Company uies a process cost system to account for the costs of its only product, Product D. Production takes place in three departments: Fabrication, Assembly, and Packaging.
At the end of the fiscal year, June 30, 19—, the following inventory of Product D is on hand:
(a) No unused raw materials or packaging materials.
(b) Fabrication Department: 300 units, }4 complete as to raw materials and H complete as to direct labor.
(c) Assembly Department: 1,000 units, % complete as to direct labor.
(d) Packaging Department: 100 units, H complete as to packaging materials and complete as to direct labor.
(e) Shipping or finished goods area: 400 units.
Required: (1) The number of equivalent units of raw materials in all inventories at June 30, 19—
.
(2) The number of equivalent units of Fabrication Department's direct labor in all inventories at June 30, 19—
.
(3) The number of equivalent units of packaging materials in all inventories at June 30, 19—.
This question is AICPA adapted