1. True or False.

If 30,000 units of materials enter production during the first year of operations, 25,000 of the units are finished, and 5,000 are 30% completed, the number of equivalent units of production would be 28,500.
I know that the answer is false but can someone help me understand how to solve problems like these.


2. The following production data were taken from the records of the Finishing Department for June:
Inventory in process, 6-1 ( 30% completed) 4,000 units
Completed units during June 58,000 units
Ending inventory (60% complete) 3,000 units


Determine the number of conversion equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories.
Thanks I need help!

1. 25,000 are done 5,000 are 30% done.
Equv Units = 25,000 + (5000* 0.3) = 26,500

2. Use similar logic as above but remember that the in process units at 6/1 would have been completed during June (thus are included in the 58,000 in June) and where already 30%compeleted before June. That should get you going.