Question

Assuming that there were no beginning work in process inventory, and the ending work in process inventory is 50% complete with respect to conversion costs, the number of equivalent units of production with respect to conversion costs under the FIFO method would be:________.

Answer 1

Answer: equivalent units will equal to units started and completed plus work in progress at 50% completion level

Explanation:

The number of equivalent units will be units started on completed during the current Period plus 50% of work in progress. There were no work in progress units at the beginning of the period. The current period's production  consist of only units started and completed and work in progress at 50% completion level.