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Equivalent units

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WJM Manufacturing uses the FIFO method of process costing. Their opening inventory had 1,000 units that were 80% complete with respect to direct materials and 40% for conversion. During the current period 11,000 units were transferred to finished goods, and 900 units were in ending inventory and were 60% complete with respect to direct materials and 30% complete for conversion. Which of the following represents the total equivalent units for direct materials
and conversion (respectively) for the current period?

a. 11,340 and 10,670
b. 10,740 and 10,870
c. 10,940 and 11,070
d. 11,540 and 11,270
e. 11,740 and 11,870

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Solution Summary

The solution explains how calculate the equivalent units for material and conversion costs

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Total units transferred are 11,000. These would have 1,000 from beginning inventory + ...

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