Kharbanda Corporation uses the FIFO method in its process costing system.Operating data for the Enameling Department for the month of May appear below: What were the equivalent units for conversion costs in the Enameling Department for May?
A)57,960
B)55,800
C)51,000
D)55,920

Question

Kharbanda Corporation uses the FIFO method in its process costing system.Operating data for the Enameling Department for the month of May appear below:  What were the equivalent units for conversion costs in the Enameling Department for May?
A)57,960 
B)55,800 
C)51,000 
D)55,920

Quizplus · Accepted Answer

FIFO method
Units started and completed during the period = Units started into production during the period - Units in ending work in process inventory = 53,400 - 2,700 = 50,700
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Kharbanda Corporation Uses the FIFO Method in Its Process Costing