Comfort chair company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 72,000 chairs. During the month, the firm completed 77,000 chairs, and transferred them to the Finishing Department. The firm ended the month with 11,000 chairs in ending inventory. There were 16,000 chairs in beginning inventory. All direct materials costs are added at the beginning of the production cycle and conversion costs are added uniformly throughout the production process. The FIFO method of process costing is used by Comfort. Beginning work in process was 30% complete as to conversion costs, while ending work in process was 80% complete as to conversion costs. Beginning inventory: Direct materials $24,000 Conversion costs $35,000 Manufacturing costs added during the accounting period: Direct materials $168,000 Conversion costs $278,000 9) How many of the units that were started and completed during February? A) 73,000 B) 78,000 C) 63,000 D) 61,000 9) 10) What were the equivalent units for conversion costs during February? A) 77,500 B) 81,500 C) 73,000 D) 81,000 10)

complete as to conversion costs.

Beginning

inventory:

Direct materials $25,000

Conversion costs $35,500

Manufacturing costs added during the accounting

period:

Direct materials $168,500

Conversion costs $279,000

How many of the units that were started and completed during February?