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The following production data were taken from the records of the Fishing Department for June: Inventory in Process 6-1, 1/3 completed 355 units Transferred to
The following production data were taken from the records of the Fishing Department for June:
Inventory in Process 6-1,
1/3 completed 355 units
Transferred to finished goods
during June 4,540 units
Equivalent units of production
during June 4,868 equivalent units
Determine the number of equivalent units for conversion costs in the June 30 Finishing Department inventory, assuming that the first in first out method is used to cost inventories.
A. 446
B. 112
C. 4,450
D. 355
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