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.

1. 16,130
2. 15,650
3. 16,310
4. 18,35

Respuesta :

Answer:

Explanation:

Units of ENDING WIP   1,200  * 40%  =  480

Units STARTED & COMPLETED  14,000 [17000 – 3000]

Units of beginnig WIP 3,000  * 55% [45% was already complete]

 = 1,650

Equivalent Units of Production  =  480+14000+1650 = 16,130

Answer A