The following unit data were assembled for the heating process of Morgan Processing Inc.for the month of August.Direct materials are added at the beginning of the process.Conversion costs are added uniformly over the production process.The company uses the FIFO process costing method.
-The number of equivalent units produced by Morgan Processing with respect to conversion costs is

Question

The following unit data were assembled for the heating process of Morgan Processing Inc.for the month of August.Direct materials are added at the beginning of the process.Conversion costs are added uniformly over the production process.The company uses the FIFO process costing method.  
-The number of equivalent units produced by Morgan Processing with respect to conversion costs is

Quizplus · Accepted Answer

Equivalent units for conversion costs are calculated by adding the units completed and transferred out to the equivalent units of work in process, based on the percentage of completion for conversion costs. Without specific data on units completed, units in process, and their respective stages of completion, it's not possible to calculate or confirm the correct answer from the options provided. However, based on the options given, if B is identified as the correct answer, it suggests that the calculation specific to the scenario provided in the question (not provided here) results in 45,700 equivalent units for conversion costs.

The Following Unit Data Were Assembled for the Heating Process