Kalyan 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 of production for conversion costs in the Enameling Department for May?
A) 63,400
B) 52,600
C) 56,980
D) 57,220

Question

Kalyan 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 of production for conversion costs in the Enameling Department for May?
A) 63,400 
B) 52,600 
C) 56,980 
D) 57,220

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 = 58,000 - 6,600 = 51,400
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Kalyan Corporation Uses the FIFO Method in Its Process Costing