Business, 27.11.2019 01:31 maceyshaynee9507

The following information is available from the oils division of glasgow corporation for december. conversion costs for this division were 75 percent complete as to beginning work-in-process inventory and 50 percent complete as to ending work-in-process inventory. information about conversion costs follows.
units conversion costs
wip at december 1 (75% complete) 118,000 $ 460,200
units started and costs incurred during december 558,000 2,682,225
units completed and transferred to next department 418,000 ?
during december
the oils division uses fifo.
required:
a-1. compute the equivalent units for conversion costs.
a-2. compute the cost per equivalent unit for conversion costs.
a-3. what was the conversion cost of work-in-process inventory in the oils division at december 31?
b. what were the conversion costs per equivalent unit produced last period and this period, respectively?

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The following information is available from the oils division of glasgow corporation for december. c...