What is the total units accounted for?

This total is called “units to account for,” while the total of beginning inventory costs and costs added to production is called “costs to be accounted for.” Knowing the total units or costs to account for is helpful since it also equals the units or costs transferred out plus the amount remaining in ending inventory.

How do you find number of units produced?

To compute the number of units manufactured, start with the number of units of work-in-process in beginning inventory (Beginning). Add the number of units of direct materials put into production (Inputs) and then subtract the number of units of work-in-process in ending inventory (Outputs).

How do you calculate units transferred?

The total cost assigned to units transferred out equals the cost per equivalent unit times the number of equivalent units.

How do you find units start and completed?

The units started and completed in a period are calculated as the total units completed during the period minus the units that were in the beginning inventory. This figure can be used in both the weighted average and FIFO methods as shown in the chapter.