Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 6,000 ounces in beginning work in process inventory (60% complete). During the period, 68,000 ounces were completed. The ending work in process inventory was 10,000 ounces (25% complete). What are the total equivalent units for conversion costs? fill in the blank 1 units

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
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Problem 4BE: The Rolling Department of Kraus Steel Company had 200 tons in beginning work in process inventory...
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Equivalent Units of Conversion Costs

The Filling Department of Ivy Cosmetics Company had 6,000 ounces in beginning work in process inventory (60% complete). During the period, 68,000 ounces were completed. The ending work in process inventory was 10,000 ounces (25% complete).

What are the total equivalent units for conversion costs?
fill in the blank 1 units

 
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Are you determining the equivalent units of materials added or of conversion of materials? When would materials typically be added in the process? When would conversion of these materials take place? Recall the definition of work in process.

Equivalent Units of Conversion Costs
The Filling Department of Ivy Cosmetics Company had 6,000 ounces in beginning work in process
inventory (60% complete). During the period, 68,000 ounces were completed. The ending work in
process inventory was 10,000 ounces (25% complete).
What are the total equivalent units for conversion costs?
62,000 x units
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V Check My Work
Are you determining the equivalent units of materials added or of conversion of materials? When
would materials typically be added in the process? When would conversion of these materials
take place? Recall the definition of work in process.
Transcribed Image Text:Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 6,000 ounces in beginning work in process inventory (60% complete). During the period, 68,000 ounces were completed. The ending work in process inventory was 10,000 ounces (25% complete). What are the total equivalent units for conversion costs? 62,000 x units Feedback V Check My Work Are you determining the equivalent units of materials added or of conversion of materials? When would materials typically be added in the process? When would conversion of these materials take place? Recall the definition of work in process.
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