Laurie Corporation uses the FIFO method in its process costing system. Department A is the first stage of Laurie Corporation's production process. The following information is available for conversion costs for the month of May for Department A: The equivalent units of production for conversion costs for the month are:
A)42,000 units
B)38,000 units
C)44,000 units
D)36,000 units

Question

Laurie Corporation uses the FIFO method in its process costing system. Department A is the first stage of Laurie Corporation's production process. The following information is available for conversion costs for the month of May for Department A:  The equivalent units of production for conversion costs for the month are:
A)42,000 units 
B)38,000 units 
C)44,000 units 
D)36,000 units

Quizplus · Accepted Answer

The Answer of Laurie Corporation uses the FIFO method in its process costing system. Department A is the first stage of Laurie Corporation's production process. The following information is available for conversion costs for the month of May for Department A:  The equivalent units of production for conversion costs for the month are:
A)42,000 units 
B)38,000 units 
C)44,000 units 
D)36,000 units

Laurie Corporation Uses the FIFO Method in Its Process Costing