Laurant Corporation uses the FIFO 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: UnitsWork in process, beginning (40% complete with respect to conversion costs)5,000Started in May42,000Completed in May and transferred to Department B37,000Work in process, ending (30% complete with respect to conversion costs)8,000 The equivalent units of production for conversion costs for the month is closest to:
A. 37,400 units
B. 35,000 units
C. 34,400 units
D. 34,000 units
Answer: A
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