Twinnings Corporation manufactures Scheduling Books There ar

Twinnings Corporation manufactures Scheduling Books. There are two processes: printing and binding. The following information is given for the printing department for September. (The company uses FIFO inventory assumption.) Units units, beginning work in process 40,000 (30% complete for materials, 70% complete for conversion) started 300,000 completed? units, ending work in process 50,000 (35% complete for materials, 90% complete for conversion) Costs beginning work in process $6,080$2,160 8,240 current costs total costs Materials Conversion Total $192,075 $33,770$225,845 $198,155 $35,930$234,085 2. Refer to Figure abovel What are the FIFO equivalent units for conversion? a. 306,000 b. 340,000 c. 317,000 d. 307,000 e. none of the above

Solution

Equivalent unit of conversion :

So answer is d) 307000

	Whole unit	%	EUP-Conversion
Beginning wip	40000	30%	12000
Unit started and completed	250000	100%	250000
Ending work in process	50000	90%	45000
Total	340000		307000