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:
Units
Work in process, beginning (30% complete with respect to conversion costs) 9,200
Started in May 52,000
Completed in May and transferred to Department B 50,000
Work in process, ending (70% complete with respect to conversion costs) 11,200
The equivalent units of production for conversion costs for the month are:
A. 55,080 units
B. 50,000 units
C. 56,440 units
D. 48,640 units
Answers: 2
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