Percentage of Completion Calculations Beginning Inventory (units) Work in Process (units) Units in Production Units Transferred Out Remaining Units Total Transferred In and Production Costs Ms. Alverez's Estimate# of Units at 40% Completion Units Transferred Out Total Equivalent Units Equivalent Costs Per Unit = Total Transferred In and Production Costs / Total Equivalent Units Equivalent Cost Per Unit Mr. Sawyer's Estimate# of Units at 60% Completion Units Transferred Out Total Equivalent Units Equivalent Costs Per Unit = Total Transferred In and Production Costs / Total Equivalent Units Equivalent Cost Per Unit
5,500 94,500 100,000 90,000 10,000 $902,400.00 4,000 90,000 94,000 904,200 / 94,000 $9.60 6,000 90,000 96,000 904,200 / 96,000 $9.40
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