Wildhorse Inc., a factory that manufactures plastic ice cube trays, has opened a new department as of May 1 of this year. As of June 1, Wildhorse had 4500 units that were 100% complete with respect to Direct Materials (DM) and 64% complete with respect to Conversion Costs (CC). During the year, Wildhorse started and completed 76200 units. On June 30, the company had 8300 units remaining in inventory that were 100% complete with respect to Direct Materials and 42% complete with respect to Conversion Costs. What are the equivalent units of production for Direct Materials and Conversion Costs using the First-In, First-Out (FIFO) method? A. DM, 81306 units; and CC, 89000 units B. DM, 89000 units; and CC, 89000 units C. DM, 84500 units; and CC, 81306 units D. DM, 86120 units; and CC, 82566 units
Wildhorse Inc., a factory that manufactures plastic ice cube trays, has opened a new department as of May 1 of this year. As of June 1, Wildhorse had 4500 units that were 100% complete with respect to Direct Materials (DM) and 64% complete with respect to Conversion Costs (CC). During the year, Wildhorse started and completed 76200 units. On June 30, the company had 8300 units remaining in inventory that were 100% complete with respect to Direct Materials and 42% complete with respect to Conversion Costs. What are the equivalent units of production for Direct Materials and Conversion Costs using the First-In, First-Out (FIFO) method?
A. DM, 81306 units; and CC, 89000 units
B. DM, 89000 units; and CC, 89000 units
C. DM, 84500 units; and CC, 81306 units
D. DM, 86120 units; and CC, 82566 units
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