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:
- 72,730
- 73,270
- 67,600
- 78,400
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