Question: Ozdemir Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed
Ozdemir Corporation uses the first-in, first-out method in its process costing system. Data concerning the first processing department for the most recent month are listed below:
Beginning work in process inventory: | |
|---|---|
Units in beginning work in process inventory | 200 |
Materials costs | $ 1,800 |
Conversion costs | $ 600 |
Percent complete with respect to materials | 55% |
Percent complete with respect to conversion | 10% |
Units started into production during the month | 5,000 |
Units transferred to the next department during the month | 4,500 |
Materials costs added during the month | $ 74,800 |
Conversion costs added during the month | $ 128,800 |
Ending work in process inventory: | |
Units in ending work in process inventory | 700 |
Percent complete with respect to materials | 85% |
Percent complete with respect to conversion | 70% |
What are the equivalent units for conversion costs for the month in the first processing department?
490
4,300
4,970
5,200
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