Drake Fabrication Unit had 18,000 units in work in process that were 50% completed as to labor and overhead at the beginning of the period. During the period, 48,500 units of direct materials were added. A total of 44,000 units were completed during the period, and 13,000 units were 70% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The company uses the first-in, first-out (FIFO) method to cost inventories. What was the number of equivalent units of production for conversion costs for the period?

Drake Fabrication Unit had 18,000 units in work in process that were 50% completed as to labor and overhead at the beginning of the period. During the period, 48,500 units of direct materials were added. A total of 44,000 units were completed during the period, and 13,000 units were 70% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The company uses the first-in, first-out (FIFO) method to cost inventories. What was the number of equivalent units of production for conversion costs for the period?

Cornerstones of Cost Management (Cornerstones Series)

4th Edition

ISBN:9781305970663

Author:Don R. Hansen, Maryanne M. Mowen

Publisher:Don R. Hansen, Maryanne M. Mowen

Chapter6: Process Costing

Section: Chapter Questions

Problem 16E: Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The...

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