Managerial Accounting Quiz
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COSTING SYSTEMS
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A processing department began the month with 8,000 units in work-in-process, which were 70% complete as to conversion costs and 100% complete as to direct materials. During the month, 32,000 units were started. The department completed and transferred out 34,000 units. The 6,000 units in ending work-in-process were 40% complete as to conversion costs and 100% complete as to direct materials. The company uses the FIFO method.
What are the equivalent units of production for conversion costs for the month?
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