Laurant Corporation uses the first-in, first-out method in its process costing system. Department A is...
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Accounting
Laurant Corporation uses the first-in, first-out method in its process costing system. Department A is the first stage of the companys production process. The following information is available for conversion costs for the month of May for Department A:
| Units | |
|---|---|
| Work in process, beginning (40% complete with respect to conversion costs) | 6,100 |
| Started in May | 53,000 |
| Completed in May and transferred to Department B | 48,000 |
| Work in process, ending (30% complete with respect to conversion costs) | 11,100 |
The equivalent units of production for conversion costs for the month is closest to:
Multiple Choice
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44,340 units
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45,230 units
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45,560 units
-
48,890 units
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