In the month of June, a dept. had 3,000 units in the beginning WIP inventory that were

Fantastic news! We've Found the answer you've been seeking!

Question:

In the month of June, a dept. had 3,000 units in the beginning WIP inventory that were 70% complete asto conversion costs. During June, 12,000 units were transferred in from another dept. At the end of June there were 1,500 units in the ending WIP inventory that were 40% complete as to conversion costs. All materials are added at the beginning of the process. How many units were started & completed?

Creer Company uses the FIFO method in its process costing system. Department A had 20,000 units in process at the beginning of January that were 40% complete with respect to conversion costs. All materials are added at the beginning of the process in Department A. The January 1 work in process inventory in Department A contained $10,000 in materials cost and $11,600 in conversion cost. During January, materials costs were $0.50 per equivalent unit and conversion costs were $1.50 per equivalent unit. All of the units in the beginning work in process inventory were completed and transferred out during the month. What was the total cost attached to these units when they were transferred to the next department?

Gaba Corporation uses the FIFO method in its process costing system. The Grinding Department started the month with 18,500 units in its beginning work in process inventory that were 60% complete with respect to conversion costs. An additional 75,000 units were transferred in from the prior department during the month to begin processing in the Grinding Department. During the month 85,000 units were completed in the Grinding Department and transferred to the next processing department. There were 8,500 units in the ending work in process inventory of the Grinding Department that were 10% complete with respect to conversion costs. What were the equivalent units of production for conversion costs in the Grinding Department for the month?