Cornerstones of Cost Management 2nd Edition by Don Hansen ,Maryanne Mowen

Exercise 52

During March, Hanks Manufacturing started and completed 30,000 units. In beginning work in process, there were 5,000 units 60 percent complete with respect to conversion costs. Materials are added at the beginning of the process. In EWIP there were 10,000 units 40 percent complete for conversion costs. Using FIFO, the equivalent units of materials and conversion costs are, respectively: a. 45,000, 36,000
B) 40,000, 36,000
C) 45,000, 34,000
D) 40,000, 34,000