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Herrerra Company had the following department information about physical units and percentage of completion:

Physical Units

Work in process, May 1 (40% complete) 36,000

Completed and transferred out 90,000

Work in process, May 31 (60% complete) 30,000

If materials and conversion costs are added evenly throughout the production process, what is the number of equivalent units for materials and conversion costs during May?

a. 96,000

b. 120,000

c. 108,000

d. 126,000

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M968843

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