Question

Equivalent Units of Conversion CostsThe Filling Department of Eve Cosmetics Company had 2,800 ounces in beginning work in process inventory (70% complete). During the period, 40,400 ounces were completed. The ending work in process inventory was 2,800 ounces (10% complete).What are the total equivalent units for conversion costs

Answer 1

38,720 ounces

Step-by-step explanation:

Physical Unit % Equivalent Unit

Beginning WIP Inventory 2,800 30% 840

Unit started and Completed 37,600 100% 37,600

(40,400 - 2,800)

Ending WIP Inventory 2,800 10% 280

Total Equivalent unit 38,720

Hence, total equivalent units for the conversion cost is 38,720 ounces