Levittown Company employs a process
cost system for its manufacturing
operations. All direct materials are
added at the beginning of the process
and conversion costs are added
proportionately. Levittown's production
quantity schedule for November is
reproduced in the next column.
Work-in-process November 1
(60% complete as to conversion
costs)
A. 5,000 units.
B. 6,000 units.
C. 4,400 units.
D. 3,800 units.
Units started during November
Total units to account for
Units completed and transferred out
from beginning inventory
Units started and completed during
November
Work-in-process on November 30
(20% complete as to conversion
costs)
Total units accounted for
1,000
5,000
6,000
1,000
3,000
2,000
6,000
[7] Using the FIFO method, Levittown's equivalent units for direct materials for November
are
Fig: 1