An error was made in the computation of the stage of completion of the current year's ending work in process inventory. The error resulted in assigning a lower stage of completion to each component of the inventory than actually was the case. What is the resultant effect of this error upon: (1)
The computation of equivalent units in total?
(2)
The computation of costs per equivalent unit?
(3)
Costs assigned to cost of goods completed for the period?

Question

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The Answer of An error was made in the computation of the stage of completion of the current year's ending work in process inventory. The error resulted in assigning a lower stage of completion to each component of the inventory than actually was the case. What is the resultant effect of this error upon: (1)
The computation of equivalent units in total?
(2)
The computation of costs per equivalent unit?
(3)
Costs assigned to cost of goods completed for the period?

An Error Was Made in the Computation of the Stage