Department M had 2,000 units 58% completed in process at the beginning of June, 12,300 units completed during June, and 1,300 units 31% completed at the end of June. What was the number of equivalent units of production for conversion costs for June if the first-in, first-out method is used to cost inventories?

a.12,703 units

b.11,543 units

c.14,003 units

d.10,300 units

The Bottling Department of Mountain Springs Water Company had 4,400 liters in beginning work in process that were 25% complete. During the period, 58,800 liters were completed. The ending work in process inventory had 3,100 liters that were 65% complete. Assume that Mountain Springs uses the FIFO cost flow method and that materials are added at the beginning of the process. What are the conversion equivalent units of production for the period? ____________ equivalent units for conversion costs

A firm produces its products by a continuous process involving three production departments, 1 through 3 . Journalize the following selected transactions related to production during August: If an amount box does not require an entry, leave it blank. a. Materials purchased on account, $120,000. b. Material requisitioned for use in Department 1,$125,700, of which $124,200 entered directly into the product. c. Labor cost incurred in Department 1,$195,400, of which $174,000 was used directly in the manufacture of the product. d. Factory overhead costs for Department 1 incurred on account, $54,700. e. Depreciation on machinery in Department 1,$29,200. f. Expiration of prepaid insurance chargeable to Department 1, $7,000. g. Factory overhead applied to production in Department 1,$106,300. h. Output of Department 1 transferred to Department 2,$362,700