Department G had 8,000 units in work in porcess that were 40% converted at the b

Question

Department G had 8,000 units in work in porcess that were 40% converted at the beginning of the period at a cost of $19,450. During the period, 18,000 units of direct materials were added at a cost of $54,000, 18,500 units were completed, and 7,500 units were 40% completed. The first-in, first-out cost method is used and all materials are added at the beginning of the process. Direct labor was $32,500, and factory overhead was $66,320 during the period. The number of equivalent units of conversion for the period was

Explanation / Answer

Calculate No of equivalent unit of conversion cost :

No of equivalent unit for convesion cost was 18300 units

Physical unit % Equivalent unit of conversion cost Beginning work in process 8000 60% 4800 Unit started and completed 10500 100% 10500 Ending work in process 7500 40% 3000 Total 18300

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