Question

Department 100 is the first step in the firm’s manufacturing process. Data for the current quarter’s operations are as follows:
Number of Units
Beginning work in process (70% complete)........ 30,000
Units started this quarter............... 580,000
Units completed this quarter and transferred out.... 550,000
Ending work in process ( 60% complete) ........ 60,000
Required:
Materials are added at the beginning of the process. Conversion costs (labor and capital costs) are incurred uniformly. The firm uses the FIFO method of inventory accounting. How many equivalent units of conversion cost were used in the current quarter in Department 100?



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  • CreatedDecember 15, 2014
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