equivalent units of conversion costs\nthe filling department of ivy cosmetics company had 6,000 ounces in…

equivalent units of conversion costs\nthe filling department of ivy cosmetics company had 6,000 ounces in beginning work in process inventory (60% complete). during the period, 68,000 ounces were completed. the ending work in process inventory was 10,000 ounces (25% complete).\nwhat are the total equivalent units for conversion costs?\nfeedback\ncheck my work\nare you determining the equivalent units of materials added or of conversion of materials? when would materials typically be added in the process? when would conversion of these materials take place? recall the definition of work in process.

equivalent units of conversion costs\nthe filling department of ivy cosmetics company had 6,000 ounces in beginning work in process inventory (60% complete). during the period, 68,000 ounces were completed. the ending work in process inventory was 10,000 ounces (25% complete).\nwhat are the total equivalent units for conversion costs?\nfeedback\ncheck my work\nare you determining the equivalent units of materials added or of conversion of materials? when would materials typically be added in the process? when would conversion of these materials take place? recall the definition of work in process.

Answer

Explanation:

Step1: Calculate units started and completed

Units started and completed = Units completed - Beginning work - in - process units Units started and completed = (68000 - 6000=62000)

Step2: Calculate equivalent units for beginning work - in - process

Equivalent units for beginning work - in - process = Beginning work - in - process units(\times(1 - \text{percentage of completion in the previous period})) Equivalent units for beginning work - in - process = (6000\times(1 - 0.6)=6000\times0.4 = 2400)

Step3: Calculate equivalent units for ending work - in - process

Equivalent units for ending work - in - process = Ending work - in - process units(\times\text{percentage of completion in the current period}) Equivalent units for ending work - in - process = (10000\times0.25 = 2500)

Step4: Calculate total equivalent units

Total equivalent units = Units started and completed+Equivalent units for beginning work - in - process+Equivalent units for ending work - in - process Total equivalent units=(62000 + 2400+2500) [ \begin{align*} &62000+2400 + 2500\ =&64400+2500\ =&66900 \end{align*} ]

Answer:

(66900) units