A company manufactures Chemical X, in a single process. At the start of the month there was no work-inprogress. During the month 300 litres of raw material were input into the process at a total cost...

A company manufactures Chemical X, in a single process. At the start of the month there was no work-inprogress.

During the month 300 litres of raw material were input into the process at a total cost of $6,000.

Conversion costs during the month amounted to $4,500. At the end of the month 250 litres of Chemical X

were transferred to finished goods inventory. The remaining work-in-progress was 100% complete with respect

to materials and 50% complete with respect to conversion costs. There were no losses in the process and there

is no scrap value available during months when losses occur.

What are the equivalent units for closing work-in-progress at the end of the month?

Material Conversion costs

A 25 litres 25 litres

B 25 litres 50 litres

C 50 litres 25 litres

D 50 litres 50 litres