Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 2,300 ounces in beginning work in process inventory (80% complete). During the period, 32,300 ounces were completed. The ending work in process inventory was 2,900 ounces (20% complete). What are the total equivalent units for conversion costs? X units Feedback Check My Work Are 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.

FINANCIAL ACCOUNTING
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Chapter1: Financial Statements And Business Decisions
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Equivalent Units of Conversion Costs
The Filling Department of Ivy Cosmetics Company had 2,300 ounces in beginning work in process inventory (80% complete). During the period, 32,300 ounces were
completed. The ending work in process inventory was 2,900 ounces (20% complete).
What are the total equivalent units for conversion costs?
X units
Feedback
Check My Work
Are 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.
Transcribed Image Text:Equivalent Units of Conversion Costs The Filling Department of Ivy Cosmetics Company had 2,300 ounces in beginning work in process inventory (80% complete). During the period, 32,300 ounces were completed. The ending work in process inventory was 2,900 ounces (20% complete). What are the total equivalent units for conversion costs? X units Feedback Check My Work Are 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.
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