A process with no beginning work in process, completed and transferred out 34300 units during a period and had 14500 units in the ending work in process that were 40% complete. How much is equivalent units of production for the period for conversion costs?

34300 + (14500 x 40 %) = 40100

Explanation:

Since there is no opening beginning work in progress there is no related equivalent units of production for opening work in progress. The completed units of 34300 will form part of the equivalent units. Included in this will be 40% of the closing units as 40% of the conversion costs have been completed. This represents 40% equivalent units. Thus the total equivalent units are 40100