Question

Equivalent Units of Conversion Costs

The Filling Department of Eve Cosmetics Company had 3,300 ounces in beginning work in process inventory (10% complete). During the period, 40,800 ounces were completed. The ending work in process inventory was 2,400 ounces (10% complete).

What are the total equivalent units for conversion costs?

If required, round to the nearest unit.

units

Answer 1

Solution: 40,710

Working:

Inventory in process beginning of period	3300	90%	2970
Started and completed during the period	37,500	100%	37,500
Tfd out of filling completed	40,800		40,470
Inventory in process, end of period	2400	10%	240
Total units to be assigned costs	43,200		40,710