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HOMEWORK Equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 5,589 tons in beginning work
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Answer #1
To complete beginning work in process 5030 =5589*(1-10%)
Started and completed 56511 =62100-5589
Ending work in process 3043 =4347*70%
Equivalent units for conversion costs 64584 units
Alternatively, if weighted average method is used:
Units completed 62100
Ending work in process 3043 =4347*70%
Equivalent units for conversion costs 65143 units
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