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12 October, 20:08

Department R had 4,200 units in work in process that were 70% completed as to labor and overhead at the beginning of the period. During the period, 36,600 units of direct materials were added, 38,500 units were completed, and 2,300 units were 40% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was:

a. 36,480

b. 38,500

c. 40,680

d. 45,000

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Answers (1)
  1. 12 October, 23:42
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    a. 36,480

    Explanation:

    Beginning work in process = 4,200 * (1 - 70%) = 1,260

    Units started and completed = 38,500 - 4,200 = 34,300

    Ending work in process = 2,300 * 40% = 920

    Number of equivalent units = 1,260 + 34,300 + 920 = $36,480
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