Rodrick Corporation experienced the following during April: Beginning work-in-process inventory Units started this period Ending work-in-process inventory 7,500 units, 40% of conversion added this period 64,000 units 5,000 units, 60% of conversion added this period Materials are added at the beginning of the process and conversion occurs uniformly throughout the process. If the company uses FIFO costing, what are the equivalent units for direct materials and conversion? O66,500; 66,500 O 66,500; 72,000 O71,500; 69,500 64,000; 65,000 O None of these.
Rodrick Corporation experienced the following during April: Beginning work-in-process inventory Units started this period Ending work-in-process inventory 7,500 units, 40% of conversion added this period 64,000 units 5,000 units, 60% of conversion added this period Materials are added at the beginning of the process and conversion occurs uniformly throughout the process. If the company uses FIFO costing, what are the equivalent units for direct materials and conversion? O66,500; 66,500 O 66,500; 72,000 O71,500; 69,500 64,000; 65,000 O None of these.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Rodrick Corporation experienced the following during April:
Beginning work-in-process inventory
Units started this period
Ending work-in-process inventory
7,500 units, 40% of conversion added this period
64,000 units
5,000 units, 60% of conversion added this period
Materials are added at the beginning of the process and conversion occurs uniformly throughout the process. If the company uses FIFO costing, what are the
equivalent units for direct materials and conversion?
O66,500; 66,500
O 66,500; 72,000
O71,500; 69,500
64,000; 65,000
O None of these.
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