Question: Laurant Corporation uses the first-in, first-out method in its process costing system. Department A is the first stage of the companys production process. The following

Laurant Corporation uses the first-in, first-out method in its process costing system. Department A is the first stage of the companys production process. The following information is available for conversion costs for the month of May for Department A:

Units
Work in process, beginning (40% complete with respect to conversion costs) 6,700
Started in May 59,000
Completed in May and transferred to Department B 54,000
Work in process, ending (30% complete with respect to conversion costs) 11,700

The equivalent units of production for conversion costs for the month is closest to:

Multiple Choice

  • 51,320 units

  • 50,810 units

  • 49,980 units

  • 54,830 units

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