Richards corporation uses the fifo method of process costing. the following information is available for october in its fabricating department: units: beginning inventory: 94,000 units, 80% complete as to materials and 25% complete as to conversion. units started and completed: 264,000. units completed and transferred out: 358,000. ending inventory: 37,000 units, 40% complete as to materials and 15% complete as to conversion. costs: costs in beginning work in process - direct materials: $37,200. costs in beginning work in process - conversion: $79,700. costs incurred in october - direct materials: $646,800. costs incurred in october - conversion: $919,300. calculate the equivalent units of conversion.

scenario: hawaii and south carolina are trading partners. hawaii has an absolute advantage in the production of both coffee and tea. the opportunity cost of producing 1 pound of tea in hawaii is 2 pounds of coffee, and the opportunity cost of producing 1 pound of tea in south carolina is 1/3 pound of coffee. which of the following statements is true? a. south carolina should specialize in the production of both tea and coffee. b. hawaii should specialize in the production of tea, whereas south carolina should specialize in the production of coffee. c. hawaii should specialize in the production of coffee, whereas south carolina should specialize in the production of tea. d. hawaii should specialize in the production of both tea and coffee.