The following data were taken from the accounting records of the Hazel Corporation which uses the weighted-average method in its process costing system: $$\begin{array} { | c | l | }
\hline \text { Beginning work in process inventory } & \
\hline ( 100 \% \text { complete as to materials; } & \
\hline 70 \% \text { complete as to conversion) } & 30,000 \text { units } \
\hline \text { Started in process during the period } & 90,000 \text { units } \
\hline \text { Ending work in process inventory } & \
\hline ( 100 \% \text { complete as to materials; } & \
\hline 60 \% \text { complete as to conversion) } & 20,000 \text { units } \
\hline
\end{array}$$ The equivalent units of production for conversion costs were?
A)102,000.
B)112,000.
C)111,000.
D)100,000.

Question

The following data were taken from the accounting records of the Hazel Corporation which uses the weighted-average method in its process costing system: $$\begin{array} { | c | l | } 
\hline \text { Beginning work in process inventory } & \
\hline ( 100 \% \text { complete as to materials; } & \
\hline 70 \% \text { complete as to conversion) } & 30,000 \text { units } \
\hline \text { Started in process during the period } & 90,000 \text { units } \
\hline \text { Ending work in process inventory } & \
\hline ( 100 \% \text { complete as to materials; } & \
\hline 60 \% \text { complete as to conversion) } & 20,000 \text { units } \
\hline
\end{array}$$ The equivalent units of production for conversion costs were?
A)102,000.
B)112,000.
C)111,000.
D)100,000.

Quizplus · Accepted Answer

The equivalent units for conversion costs are calculated as follows: Units completed and transferred out (30,000 + 90,000 - 20,000) = 100,000 units. Plus, the equivalent units in ending WIP (20,000 units * 60%) = 12,000 units. Total equivalent units = 100,000 + 12,000 = 112,000 units.

The Following Data Were Taken from the Accounting Records of the Hazel