The Finishing Department had 5,000 incomplete units in its beginning Work-in-Pro

Question

The Finishing Department had 5,000 incomplete units in its beginning Work-in-Process Inventory which were 100% complete as to materials and 30% complete as to conversion costs. 15,000 units were received from the previous department. The ending Work-in-Process Inventory consisted of 2,000 units which were 50% complete as to materials and 30% complete as to conversion costs. The Finishing Department uses first-in, first-out (FIFO) process costing.

What are the equivalent units of production for the conversion costs during the period?
Answer
a. 14,500 b. 15,100 c. 16,500 d. 17,100

Explanation / Answer

particulars total units material conversion costs opening 5000 _____ 3500 finished 13000 13000 13000 closing 2000 1000 600 equivalent units of conversion costs=3500+13000+600=17100

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