The following information relates to the Richard Renick Company for 2005:

Units Percent

Complete

Units completed in 2005 390,000

Work-in-process at December 31 72,000 20%

Cost Information:

Cost of the beginning Work-in-process $14,280

Currents year production cost $248,580

Required:

Calculate the number of equivalent units of production.

Calculate the cost per equivalent unit of production.

Calculate the cost of the ending work-in-process inventory.

Calculate the cost of the completed units

Click here for the **SOLUTION**