If Department K had 2,000 units, 40% completed, in process at the beginning of the period, 12,000 units were completed during the period, and 1,200 units were 25% completed at the end of the period, what was the number of equivalent units of production for conversion costs for the period if the first-in, first-out method is used to cost inventories?
A) 11,500
B) 11,200
C) 15,200
D) 10,000

Question

Quizplus · Accepted Answer

The number of equivalent units of production for conversion costs for the period using the first-in, first-out method is 11,500. This is calculated as follows:Beginning work in process: 2,000 units x 40% = 800 equivalent unitsUnits started and completed during the period: 12,000 unitsEnding work in process: 1,200 units x 25% = 300 equivalent unitsTotal equivalent units of production: 800 + 12,000 + 300 = 13,100

If Department K Had 2,000 Units, 40% Completed, in Process