The Taylor Company Uses a Process Costing System Equivalent Units for Conversion Costs Are
A) 207,800

question 108

Multiple Choice

The Taylor Company uses a process costing system.Assume that direct materials are added at the beginning of the period and that direct labor and overhead are added continuously throughout the process.The company uses the average costing method.The following data are available for one of its accounting periods: $\begin{array}{lr}&\text { Units }\\\text { Beginning work in process } & 26,000& \text { (70 percent complete for } \\&&\text { conversion costs) } \\\text { Units started } & 180,000 \\\text { Units transferred out } & 191,000 \\\text { Ending work in process } & 15,000 &\text { (60 percent complete for } \\&& \text { conversion costs) }\end{array}$


Equivalent units for conversion costs are

• A) 207,800.
• B) 192,200.
• C) 181,800.
• D) 200,000.

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Definitions:

Tomato Prices

The market value assigned to tomatoes, which can vary based on factors like seasonality, supply, and demand.

Line Chart

A type of chart that displays information as a series of data points called 'markers' connected by straight line segments.

Time-series Data

A sequence of data points collected or recorded at successive time intervals, often analyzed to understand patterns, trends, or to predict future values.

Successive Points

Consecutive data points in a sequence, often analyzed in statistical process control to identify trends or shifts in process behavior.