Question

COM Show Me How eBook Calculator Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 6,000 ounces in beginning work in process inventory (70% complet). During the period, 59,700 ounces were completed. The ending work in process inventory was 5,400 ounces (30% complete). What are the total equivalent units for conversion costs? If required, round to the nearest unit. 221,700 X units Redak Check My Work Are you determining the equivalent units of materials added or of conversion of materials? When would materials typically be added in the process? When would conversion of these materials take place? Recall the definition of work in process Previous Next Check My Work 1 more Check My Work uses remaining Save and Exit Submit Assignment for Grading

Answer 1

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Eve Cosmetics Company
Nothing is given so I am assuming that company uses FIFO method.
Units to be assigned costs:	Physical Units	Equivalent Units	Note
Beginning Inventory in process	6,000.00	1,800.00	70% is already completed. So in this month 30% is completed. So Equivalent units are calculated as 6,000 ounces * 30%,
Started and completed in the month	53,700.00	53,700.00	See A
Transferred to Finished Goods	59,700.00	55,500.00
Ending Inventory in process	5,400.00	1,620.00	30% is completed in this month . So Equivalent units are calculated as 5,400 ounces * 30%,
Equivalent units of production	65,100.00	57,120.00

The total number of equivalent units for conversion cost is 57,120 units.

Workings
Started and completed in the same month
Goods Finished in the month	59,700.00
Less: Beginning work in process	6,000.00
Started and completed in the same month	53,700.00	A