Department R had 4,500 units in work in process that were 74% completed as to la

ID: 2337406 • Letter: D

Question

Department R had 4,500 units in work in process that were 74% completed as to labor and overhead at the beginning of the period; 34,400 units of direct materials were added during the period,36,800 units were completed during the period; and 2,100 units were 26% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for conversion costs for the period was Oa. 34,016 Ob. 43,400 . 36,800 Od. 38,516 11. 13. Police Hiring Grant, 10, 26. 26, 37. TOTAL POLICE 300. er FINAL.mix- City of Lethbridge ridge.ca/City-Governmen/Financial.../2012-20140peratingBudget.pdf y larger one time projects with speafic funding sources... Lethbridge, Alberta ial beginning January As in previous years, prior to completing get the City recycling unit (40); Initiative N-12 Work management system for

Explanation / Answer

Answer is option (a). 34016

Explanation;

Number of equivalent units of production for conversion costs for the period will be calculated as follow;

Beginning work in process finished in this period (4500 * 0.26)

1170 units

+ Number of units started and finished in the period (36800 – 4500)

32300 units

+ Ending work in process finished in this period (2100 * 0.26)

546 units

Number of equivalent units of production for conversion costs for the period

34016 units