Kalra Corporation uses the FIFO method in its process costing system. Operating data for the Enameling Department for the month of May appear below:
|
|
|
Percentage |
|
|
Units |
complete |
|
Beginning work in process inventory |
7,200 |
20% |
|
Transferred in from the prior department during May …. |
70,100 |
|
|
Ending work in process inventory |
2,600 |
80% |
What were the equivalent units for conversion costs in the Enameling Department for May?
A) 65,500
B) 76,780
C) 74,700
D) 75,340