94 views
0 votes
Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. During the period, 14,000 units of direct materials were added at a cost of $28,700, and 15,000 units were completed. At the end of the period, 3,000 units were 75% completed. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710. The number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories was:_____.a.15,650 b.14,650 c.14,150 d.14,850

1 Answer

4 votes

Answer:

a.15,650

Step-by-step explanation:

Calculation for the number of equivalent units of production for the period for conversion

First step is to find the Unit transferred out

Unit transferred out = 4,000 units +14,000 units-3,000 units

Unit transferred out= 15,000 units

Second step is to calculate the Equivalent unit of conversion.

Equivalent unit of conversion = (4,000*60%)+11,000+(3,000*75%)

Equivalent unit of conversion=2,400+11,000+2,250

Equivalent unit of conversion=15,650

Therefore The number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories was: 15,650

User Neha Chaudhary
by
7.6k points

No related questions found

Welcome to QAmmunity.org, where you can ask questions and receive answers from other members of our community.

9.4m questions

12.2m answers

Categories