Question:
Mann Company uses the FIFO method in its process costing system. Department A is the first stage of the company"s production process. The following information is available for conversion costs for the month of April in Department A:
|
|
Units
|
|
Work in process, January 1 (conversion 40% complete)
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20,000
|
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Started in April
|
340,000
|
|
Transferred to Department Two during April
|
320,000
|
|
Work in process, January 31 (conversion 25% complete)
|
40,000
|
The equivalent units for conversion costs are:
A) 320,000
B) 324,000
C) 336,000
D) 360,000