Equivalent Units of Conversion Costs The Filling Department of Eve Cosmetics Company had 7,800 ounces in...

Equivalent Units of Conversion Costs

The Filling Department of Eve Cosmetics Company had 7,800 ounces in beginning work in process inventory (30% complete). During the period, 70,600 ounces were completed. The ending work in process inventory was 3,500 ounces (30% complete).

What are the total equivalent units for conversion costs?

If required, round to the nearest unit.

________ Units

Expert Solution

Correct Answer:

The total equivalent units for conversion cost = 69,310 units

Working:

STEP 1 (FIFO)
Reconciliation of Units
	Units	% already completed	% completed this period
	Material	Conversion	Material	Conversion
Beginning WIP	7,800	100%	30%	0%	70%
Units introduced	66,300
Total units to be accounted for	74,100
Completed and Transferred unit	70,600	0%	0%	100%	100%
Ending WIP	3,500			100%	30%

STEP 2 (FIFO)
Equivalent Units
	Total Units	Conversion
Units Transferred:	% completed this period	Equivalent Units
From WIP	7,800	70%	5,460
From units started/Introduced	62,800	100%	62,800
Total	70,600		68,260

	Total Units	Conversion
Ending WIP		% completed this period	Equivalent Units
Total	3,500	30%	1,050

Total EUP	74,100		69,310

End of Answer.

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ekkarill92 answered 1 year ago

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