The white Ray Company manufactures environmentally-friendly light bulbs in a single process. The following information is available:
Work in process inventory, Jan. 1 0 units
Units started in production 42,000 units
Units completed and transferred out 34,000 units
Work in process inventory, Dec 31 8,000 units
Production costs:
Direct materials $57,500
Direct labor $18,520
Manufacturing overhead 10,600
The units still in process are 80% complete with respect to direct materials and 30% complete with respect to conversion costs.
How much are the total costs to account for?
What are the equivalent units for direct materials?
