Jones Corporation uses a first-in, first-out (FIFO) process cost system. Jones has the following unit information for the month of August: 

The equivalent units of production for conversion costs for the month of August were:

a. 87,300 units.

b. 88,000 units.

c. 92,300 units.

d. 92,700 units.

Transcribed Image Text:

Units Beginning work in process inventory, 100% complete for materials, 75% complete for conversion costs Units completed and transferred out Ending work in process inventory, 100% complete for materials, 60% complete for conversion costs 10,000 90,000 8,000