The Viva Company had 20,000 units in process on December 31,2012 which was 80% complete as to materials but only 40% complete as to conversion costs.The company's records show 40,000 units were transferred to the Finished Goods Inventory during January 2013.On January 31,2013,15,000 units were on hand which were 30% complete as to conversion costs and 60% complete as to materials.What are the equivalent units of production for the conversion costs in January,assuming Viva uses first-in,first-out (FIFO) ?
A) 34,000.
B) 35,000.
C) 36,500.
D) 41,500.
Correct Answer:
Verified
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