Richards Corporation uses the FIFO method of process costing.The following information is available for October in itsFabricating Department:
Units:
Beginning Inventory: 86,000 units, 70% complete as to materials and25% complete as to conversion.
Units started and completed: 256,000.
Units completed and transferred out: 342,000.
Ending Inventory: 33,000 units, 40% complete as to materials and10% complete as to conversion.
Costs:
Costs in beginning Work in Process - Direct Materials:$37,200.
Costs in beginning Work in Process - Conversion: $79,700.
Costs incurred in October - Direct Materials: $646,800.
Costs incurred in October - Conversion: $919,300.
Calculate the equivalent units of conversion.
Multiple Choice
256,000
323,800
303,600
378,300
388,200
