Beginning work in process inventory:
Units in beginning work in process inventory 700
Materials costs 11,500
Conversion costs 22,200
Percentage complete with respect to materials 75%
Percentage complete with respect to conversion 65%
Units started into production during the month 8,600
Units transferred to the next department during the month 7,800
Materials costs added during the month 159,300
Conversion costs added during the month 348,500
Ending work in process inventory:
Units in ending work in process inventory 1,500
Percentage complete with respect to materials 65%
Percentage complete with respect to conversion 50%
Note: Your answers may differ from those offered below due to rounding error. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding error, carry out all computations to at least three decimal places.
What are the equivalent units for conversion costs for the month in the first processing department?
Under FIFO method, the material transferred will first comprize of units ...
FIFO method is applied.