Onyemah Corporation uses the FIFO method in its process costing system. Operating data for the Brazing Department for the month of November appear below: Units Percent Complete with Respect to Conversion Beginning work in process inventory 7,700 40 % Transferred in from the prior department during November 41,500 Completed and transferred to the next department during November 39,600 Ending work in process inventory 9,600 70 % What were the equivalent units of production for conversion costs in the Brazing Department for November?

43,240 units

Explanation:

Note : We are using FIFO method thus, we are only interested in the units worked in this year.

Calculation of equivalent units of production for conversion costs

To Finish Beginning work in process inventory (7,700 × 60%)    =  4,620

Started and Completed ((39,600 - 7,700) × 100%)                        = 31,900

Ending work in process inventory (9,600 × 70%)                          =  6,720

Equivalent units of production for conversion costs                    = 43,240

Conclusion :

The equivalent units of production for conversion costs in the Brazing Department for November is 43,240 units.