Galli Corporation uses the FIFO method in its process costing system. The Grinding Department started the month with 10,000 units in its beginning work in process inventory that were 30% complete with respect to conversion costs. An additional 73,000 units were transferred in from the prior department during the month to begin processing in the Grinding Department. During the month 66,000 units were completed in the Grinding Department and transferred to the next processing department. There were 17,000 units in the ending work in process inventory of the Grinding Department that were 40% complete with respect to conversion costs.
What were the equivalent units for conversion costs in the Grinding Department for the month?
A) 69,800
B) 80,000
C) 72,800
D) 66,000
Correct Answer:
Verified
Q2: Quill Corporation uses the FIFO method in
Q3: In November, one of the processing departments
Q4: Capul Company uses the FIFO method in
Q5: Kets Corporation uses the FIFO method in
Q6: Freisn Corporation uses the FIFO method in
Q6: All production costs have been steadily rising
Q7: Winkle Company uses the FIFO method in
Q8: The cost per equivalent unit under the
Q10: Ozdemir Company uses the FIFO method in
Q11: Malaviya Corporation uses the FIFO method in
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents