Cargin Company uses the FIFO method in its process costing system. The Assembly Department started the month with 15,000 units in its beginning work in process inventory that were 50% complete with respect to conversion costs. An additional 71,000 units were transferred in from the prior department during the month to begin processing in the Assembly Department. There were 9,000 units in the ending work in process inventory of the Assembly Department that were 30% complete with respect to conversion costs.

What were the equivalent units for conversion costs in the Assembly Department for the month?
72,200 Units
77,000 Units
79,700 Units
65,000 Units

72200

To determine the equivalent units for conversion costs in the Assembly Department for the month, you need to calculate the equivalent units for the beginning work in process inventory and the units transferred in from the prior department.

1. Equivalent units for the beginning work in process inventory:
- 15,000 units * 50% completion = 7,500 equivalent units

2. Equivalent units for the units transferred in from the prior department:
- 71,000 units * 100% completion = 71,000 equivalent units

3. Total equivalent units for conversion costs:
- Equivalent units for the beginning work in process inventory + Equivalent units for the units transferred in
- 7,500 equivalent units + 71,000 equivalent units = 78,500 equivalent units

Therefore, the equivalent units for conversion costs in the Assembly Department for the month are 78,500 units.

To determine the equivalent units for conversion costs in the Assembly Department for the month using the FIFO method, you need to calculate the equivalent units for both the beginning work in process inventory and the units transferred in during the month, and then sum them up.

First, calculate the equivalent units for the beginning work in process inventory:
Equivalent units = Number of units in beginning work in process × Percentage completion
Equivalent units = 15,000 units × 50% = 7,500 units

Next, calculate the equivalent units for the units transferred in during the month:
Equivalent units = Number of units transferred in × Percentage completion
Equivalent units = 71,000 units × 100% = 71,000 units

Lastly, sum up the equivalent units for both the beginning work in process inventory and the units transferred in:
Equivalent units = Equivalent units for beginning work in process + Equivalent units for units transferred in
Equivalent units = 7,500 units + 71,000 units = 78,500 units

Therefore, the equivalent units for conversion costs in the Assembly Department for the month is 78,500 units.

None of the given options match the calculated value.