The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (30% completed)- 4,000 units Completed units during June- 65,000 units Ending Inventory (60% completed)- 7,000 units What is the number of conversion equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories?

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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The following production data were taken from the records of the Finishing Department for June:

Inventory in process, June 1 (30% completed)- 4,000 units

Completed units during June- 65,000 units

Ending Inventory (60% completed)- 7,000 units

What is the number of conversion equivalent units of production in the June 30 Finishing Department inventory, assuming that the first-in, first-out method is used to cost inventories?

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