Belcher Company uses the FIFO method in its process costing system. The Finishing Department started the month with 600 units in process that were 10?% complete, received 3,000 units from the Assembly? Department, and transferred 3,100 units to the finished goods storage area. All materials are added at the beginning of the process and conversion costs occur evenly. The units in process at the end of the month are 5555?% complete with respect to conversion costs. The department incurred the following? costs: ( See table below) Compute the equivalent units of production for the Finishing Department for the current month. Complete table below:

Beginning balance	+	Transferred in	-	Transferred out	=	In process units
600	+	3000	-	3100	=	500

Compute the equivalent units of production for the Finishing Department for the current month. Complete table below:

Belcher Company

Production Cost Report - Finishing Department

Equivalent Units

Whole

Transferred

Direct

Conversion

UNITS

Units

In

Materials

Costs

Units to account for:

Beginning work-in-process

600

Started and completed

Total units to account for

Units accounted for:

Completed and transferred out

Ending work-in-process

Transferred to Finished Goods

Total units accounted for

Data Table

	Beginning WIP	Added this month	Total
Transferred In	$6,960	$34,800	$41,760
Direct Materials	900	4,500	5,400
Conversion Costs	1,500	9,282	10,782
Total	$9,360	$48,582	$57,942

Total $9,360 $48,582 $57,942