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Ampco Disk Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were for August 20X5: Work in process, beginning inventory 100,000 units Transferred-in costs (100% complete) Direct materials (0% complete) Conversion costs (90% complete) Transferred in during current period 300,000 units Completed and transferred out 250,000 units Work in process, ending inventory 50,000 Transferred-in costs (100% complete) Direct materials (0% complete) Conversion costs (65% complete)Calculate equivalent units for conversion costs using the FIFO method. a. 30,280 units.b. 299,800 units.c. 390,580 units.d. 353,400 units.

Respuesta :

abiolataiwo2015

Answer:

Total Equivalent units=292,500units

Explanation:

Calculation for the equivalent units for conversion costs

Beginning work in process 10,000 units

(100,000 × 0.10)

Completed and transferred out 250,000 units

Ending work in process 32,500, units

(50,000 × 0.65)

Total Equivalent units=292,500units

Therefore the equivalent units for conversion costs Will be 292,500units

anthougo

The Ampco Disk Company will report equivalent units for Conversion Costs using the FIFO method as $292,500 units.

Data and Calculations:

                                               Physical  Transferred-in    Direct      Conversion

                                                   Units                              Materials       Costs

Beginning inventory                 100,000       100%              0%               90%

Transferred in period              300,000

Available units                         400,000

Completed & transferred out 250,000

Ending inventory                      50,000

Equivalent units:

                                         Physical  Transferred-in   Direct      Conversion

                                             Units                            Materials       Costs

Beginning inventory          100,000       0 (0%)       0 (0%)      10,000 (10%)

Started and transferred   250,000    250,000   250,000  250,000 (100%)

Ending inventory                50,000      50,000      0 (0%)      32,500 (65%)

Total equivalent units                         300,000   250,000  292,500

Thus, the equivalent units for Conversion Costs under the FIFO method is 292,500 units.

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