equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 6,125 tons in...

equivalent Units of Conversion Costs The Rolling Department of Kraus Steel Company had 6,125 tons in beginning work in process inventory (50% complete) on October 1. During October, 87,500 tons were completed. The ending work in process inventory on October 31 was 4,375 tons (90% complete). What are the total equivalent units for conversion costs? Round to the nearest whole unit.

Expert Solution

Ans.

	Total whole quantity	Percent completion completed in current period	Equivalent units for conversion
Inventory in process, beginning	6,125.00	50%	3,062.50
Add: Started and completed during the period**	81,375.00	100%	81,375.00
Transferred out of rolling department	87,500.00
Inventory in process, ending	4,375.00	90%	3,937.50
Total equivalent units for conversion	91,875.00		88,375.00

Started and completed during the period** = 87,500 - 6,125 = 81,375

The total equivalent units for conversion costs = 88,375

ekkarill92 answered 1 year ago

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