Question

Department A had 4,200 units in Work in Process that was 67% completed as to labor and overhead at the beginning of the period. 33,300 units of direct materials were added during the period, 35,200 units were completed during the period, and 2,300 units were 39% 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 ___?

Answer 1

35,395

Step-by-step explanation:

CALCULATE NO OF EQUIVALENT UNIT OF PRODUCTION FOR CONVERSION COST UNDER FIFO METHOD :

WHOLE UNIT % EQUIVALENT UNIT

BEGINNING WIP 4,200 39% 1,638

UNIT STARTED & COMPLETED

(35,200-4200) 31,000 106% 32,860

ENDING WIP 2,300 39% 897

TOTAL 35,395

Therefore The number of equivalent units of production for conversion costs for the period was 35,395