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Laurant Corporation uses the first-in, first-out method in its process costing system. Department A is...

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Accounting

Laurant Corporation uses the first-in, first-out method in its process costing system. Department A is the first stage of the companys production process. The following information is available for conversion costs for the month of May for Department A:

Units
Work in process, beginning (40% complete with respect to conversion costs) 6,100
Started in May 53,000
Completed in May and transferred to Department B 48,000
Work in process, ending (30% complete with respect to conversion costs) 11,100

The equivalent units of production for conversion costs for the month is closest to:

Multiple Choice

  • 44,340 units

  • 45,230 units

  • 45,560 units

  • 48,890 units

Answer & Explanation Solved by verified expert
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