Department K had 3,000 units 45% completed in process at the beginning of the period,...
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Accounting
Department K had 3,000 units 45% completed in process at the beginning of the period, 17,000 units completed during the period, and 1,200 units 40% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost.
a. 16,310
b. 15,650
c. 18,350
d. 16,130
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