In: Accounting
Equivalent Units of Conversion Costs
The Filling Department of Eve Cosmetics Company had 9,900 ounces in beginning work in process inventory (60% complete). During the period, 76,100 ounces were completed. The ending work in process inventory was 5,300 ounces (70% complete).
What are the total equivalent units for conversion costs?
If required, round to the nearest unit.
units
Partculars | Whole Units | Percent Conversion | Equivalent Units of Materials |
Beginning Work in Process | 9,900 | 60% | 5,940 |
Add:Started and completed in month | 66,200 | 100% | 66,200 |
Units transferred out | 76,100 | 72,140 | |
Add:Ending Work in Process | 5,300 | 70% | 3,710 |
Total Equivalent units for conversion cost | 81,400 | 75,850 | |