Laurant Corporation Uses the First-In, First-Out Method in Its Process

Multiple Choice

Laurant Corporation uses the first-in, first-out method in its process costing system. Department A is the first stage of the company's production process. The following information is available for conversion costs for the month of May for Department A: The equivalent units of production for conversion costs for the month is closest to:

A) 34,000 units
B) 34,400 units
C) 35,000 units
D) 37,400 units