Direct Disk Drive Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were for August 2017:
Work in process, beginning inventory | 151,400 units |
Transferred-in costs (100% complete)
Direct materials (0% complete)
Conversion costs (80% complete)
Transferred in during current period | 451,200 units |
Completed and transferred out | 401,000 units |
Work in process, ending inventory | 202,000 units |
Transferred-in costs (100% complete)
Direct materials (0% complete)
Conversion costs (55% complete)
Calculate equivalent units for conversion costs using the FIFO method.
◦ 30,280 units
◦ 353,400 units
◦ 299,800 units
◦ 390,580 units