The I See The Light Company utilizes process costing in its molding department. Factory overhead is applied at a rate of 50% of direct labor dollars, with materials added at the beginning of the process. Labor and overhead costs are uniformly added throughout the month of January. During January, 25,500 units were started, with $10,295.00 of materials and $45,020.00 of labor costs incurred. The beginning work in process consisted of 3,100 figurines at a cost of $57,970.00, with materials accounting for $49,600.00, labor $5,580.00, and overhead $2,790.00. These beginning units were 90.00% complete as to labor and overhead. At the end of January, 5,500 units were in process and were 40.00% complete as to labor and overhead. Calculate the equivalent units of material and conversion for the molding department for the month of January
A) Material: 30,045.00; Conversion: 26,277.50
B) Material: 30,045.00; Conversion: 25,815.00
C) Material: 27,600.00; Conversion: 26,277.50
D) Material: 27,600.00; Conversion: 25,815.00