PLEASE WORK OUT THE PROBLEM!! The Finishing Department had 5,000 incomplete units in its beginning...
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Accounting
PLEASE WORK OUT THE PROBLEM!!
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
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