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The Filling Department of Eve Cosmetics Company had 3,300 ounces in beginning work in process inventory...

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Accounting

The Filling Department of Eve Cosmetics Company had 3,300 ouncesin beginning work in process inventory (50% complete). During theperiod, 37,000 ounces were completed. The ending work in processinventory was 2,600 ounces (50% complete).

What are the total equivalent units for conversion costs?

If required, round to the nearest unit.

Answer & Explanation Solved by verified expert
4.0 Ratings (708 Votes)

  • Requirement:
    Total equivalent units for Conversion Cost
  • There can be possible two answers depending upon the fact whether Weighted Average method is used or FIFO method is used.
  • Answer by Weighted Average method:

EUP - Weighted Average Method

Units

% Conversion

EUP - Conversion

Units TRANSFERRED

37,000

100%

37,000

Units of ENDING WIP

2,600

50%

1,300

Equivalent Units of Production

38,300 Answer

  • Answer by FIFO Method

EUP - FIFO Method

Units

% Conversion

EUP - Conversion

Units of ENDING WIP

                                   2,600

50.0%

                                1,300

Units STARTED & COMPLETED

                                33,700

100%

                             33,700

Units of beginning WIP

                                   3,300

50.00%

                                1,650

Equivalent Units of Production

                             36,650 Answer

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