GK Manufacturing had inventory at May 1 of 5,000 units which were 70% complete as to conversion costs. The May 1 inventory had total costs of $69,900 which included $21,500 direct materials, $38,775 direct labour and $9,625 factory overhead. Costs added to work in process in May were as follows: Direct materials $298,800 Direct labour $540,800 Factory overhead $135,400 During May, 49,200 units were completed, including those in inventory on May 1. On May 30, the inventory of work in process consisted of 5,600 units which were 3/8 completed as to conversion costs. Inventories are costed by the first-in, first-out method and all materials are added at the beginning of the process. What were the equivalent units of production for conversion costs for May? Multiple Choice 46,300 units. 47,800 units. 49,200 units. 52,800 units.
