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Gnom [1K]
2 years ago
15

Onyemah Corporation uses the FIFO method in its process costing system. Operating data for the Brazing Department for the month

of November appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 7,700 40 % Transferred in from the prior department during November 41,500 Completed and transferred to the next department during November 39,600 Ending work in process inventory 9,600 70 % What were the equivalent units of production for conversion costs in the Brazing Department for November?
Business
1 answer:
natulia [17]2 years ago
8 0

Answer:

43,240 units

Explanation:

Note : We are using FIFO method thus, we are only interested in the units worked in this year.

<u>Calculation of equivalent units of production for conversion costs</u>

To Finish Beginning work in process inventory (7,700 × 60%)    =  4,620

Started and Completed ((39,600 - 7,700) × 100%)                        = 31,900

Ending work in process inventory (9,600 × 70%)                          =  6,720

Equivalent units of production for conversion costs                    = 43,240

<u>Conclusion :</u>

The equivalent units of production for conversion costs in the Brazing Department for November is 43,240 units.

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