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Department S had 700 units 70% completed in process at the beginning of the period, 8,800 units completed during the period, and 900 units 37% completed at the end of the period. What was the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories? Assume the completion percentage applies to both direct materials and conversion cost.
a. 9,543.
b. 8,310.
c. 8,100.
d. 8,643.

Respuesta :

abiolataiwo2015

Answer:

d. 8,643

Explanation:

Calculation to determin the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories

Units Completed During the period 8,800 units

Add Units Completed at the end 333 units

(900 units *37% )

Less Units Completed at the beginning 490 units

(700 units* 70)

Number of equivalent units 8,643

Therefore the number of equivalent units of production for the period for conversion if the first-in, first-out method is used to cost inventories is 8,643

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