Question

Sheridan and Miller Manufacturing is trying to determine the equivalent units for conversion costs with 11300 units of ending work in process at 80% completion and 31700 physical units. There are no beginning units in the department. Conversion costs occur evenly throughout the entire production period. What are the equivalent units for conversion costs for the current period? 9040. 29440. 43000. 39625.

Answer 1

29440

Step-by-step explanation:

Calculation to determine the equivalent units for conversion costs for the current period

First step is to calculate the

Uniits completed = 31700 units - 11300 units

Units completed= 20,400 units

Second step is to calculate completed units

Completed units = 11300 × 80%

Completed units= 9040 units

Now let calculate the equivalent units of Conversion using this formula

Equivalent units of Conversion= Units completed + Completed units in ending inventory

Let plug in the t

Equivalent units of Conversion= 20,400 units + 9040 units

Equivalent units of Conversion= 29440 units

Therefore the equivalent units for conversion costs for the current period will be 29440 units