Oxyrom Corporation uses the FIFO method in its process costing system.Operating data for the Brazing Department for the month of November appear below: What were the equivalent units for conversion costs in the Brazing Department for November?
A)49,040
B)50,200
C)43,200
D)48,280

Question

Oxyrom Corporation uses the FIFO method in its process costing system.Operating data for the Brazing Department for the month of November appear below:  What were the equivalent units for conversion costs in the Brazing Department for November?
A)49,040 
B)50,200 
C)43,200 
D)48,280

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 = 46,700 - 7,300 = 39,400
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Oxyrom Corporation Uses the FIFO Method in Its Process Costing