Question: Starway Industries uses the FIFO method in its process costing system. Operating data for the Engraving Department for the month of March appear below: Units

Starway Industries uses the FIFO method in its process costing system. Operating data for the Engraving Department for the month of March appear below:

Units Percent Complete with Respect to Conversion
Beginning work in process inventory 2,700 20%
Transferred in from the prior department during May 73,000
Ending work in process inventory 8,100 70%

What were the equivalent units of production for conversion costs in the Enameling Department for March?

Options:

  1. 72,730
  2. 73,270
  3. 67,600
  4. 78,400

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