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 | 550 |
| Materials costs | $ 2,500 |
| Conversion costs | $ 950 |
| Percent complete with respect to materials | 55% |
| Percent complete with respect to conversion | 10% |
| Units started into production during the month | 5,700 |
| Units transferred to the next department during the month | 5,200 |
| Materials costs added during the month | $ 81,800 |
| Conversion costs added during the month | $ 135,800 |
| Ending work in process inventory: | |
| Units in ending work in process inventory | 1,050 |
| 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?
Multiple Choice
-
5,880
-
735
-
4,650
-
6,250
Step by Step Solution
There are 3 Steps involved in it
1 Expert Approved Answer
Step: 1 Unlock
Question Has Been Solved by an Expert!
Get step-by-step solutions from verified subject matter experts
Step: 2 Unlock
Step: 3 Unlock
