Question

nory (90% complete). During the period. 38.700 ounces were completed. The ending work in process inventory Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 3.3 was 2.300 ounces (60% complete). What are the total equivalent units for conversion costa? required. Found to the nearest Unit

Answer 1

Weighted average method Conversion costs Percentage of completion Equivalent units 100% 60% Units Completed Closing units 38,700 38,700 2,300 1,380 40,080 41,000 Total equivalent units 40,080 FIFO Conversion costs Percentage of completion Equivalent units Units Completed Completed from beginning units Started and completed during period 10% 100% 3,900 390 34,800 34,800 60% Closing units 2,300 1,380 41,000 36,570 Total equivalent units 36,570