Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

Exercise 38

By mistake, the production supervisor transposed the digits on the production report and reported a higher percentage of completion for each inventory component. Assume that there was no beginning inventory. What is the effect of this error on the following:
a. The computation of total equivalent units.
b. The computation of costs per equivalent unit.
c. Costs assigned to cost of goods transferred out for the period.