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Materials are added at the start of the process in Ethel Manufacturing blending department, the first stage of the production cycle. The following information is available in August. Work in process, Aug. 31 (50% complete as to conversion cost) 175,000 Transferred to next department 275,000 Started in August 375,000 Work in process, Aug. 1 (60% complete as to conversion cost) 150,000 Lost in production 75,000 Problem 1: The cost incurred on the lost units are absorbed by the remaining good units. Under FIFO, what are the EUP for conversion cost?
Group of answer choices
a. 272,500
b. 362,500
c. 347,500
d. 437,500
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