The following information is available from the Oils Division of Glasgow Corporation for December. Conversion costs for this division were 80 percent complete as to beginning work-in-process inventory and 60 percent complete as to ending work-in-process inventory. Information about conversion costs follows.
Units Conversion Costs
WIP at December 1 (80% complete) 102,000 $ 395,760
Units started and costs incurred during December 542,000 2,229,070
Units completed & transferred in December 402,000 ?
The Oils Division uses FIFO
Compute the equivalent units for conversion costs.
Answers: 2
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The following information is available from the Oils Division of Glasgow Corporation for December. C...
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