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Victor Company had 34,500 units in process on December 31, 2020, 70% complete to materials and 30% complete to conversion costs. The company's records show
Victor Company had 34,500 units in process on December 31, 2020, 70% complete to materials and 30% complete to conversion costs. The company's records show that 69,000 units were transferred to the finished goods inventory during 2021. Furthermore, 36,000 units were on hand at the end of 2021, 50% complete to materials and 20% complete to conversion costs. What would the equivalent units of production be for conversion costs using the FIFO method?
A) 52,050
B) 64,350
C) 87,450
D) 76,200
E) 65,850
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