Multiple Choice
Ampco Disk Company operates a computer disk manufacturing plant. Direct materials are added at the end of the process. The following data were presented for June 20x3:
Work in process, beginning inventory 50,000 units
Transferred-in costs (100% complete)
Direct materials (0% complete)
Conversion costs (90% complete)
Transferred in during current period 150,000 units
Completed and transferred out 175,000 units
Work in process, ending inventory
Transferred-in costs (100% complete)
Direct materials (0% complete)
Conversion costs (65% complete)
Calculate equivalent units for conversion costs using the FIFO method.
a. 401,500 units
b. 350,000 units
c. 300,000 units
d. 292,500 units
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