The following data were taken from the accounting records of the Hazel Corporation which uses the weighted-average method in its process costing system: The equivalent units for conversion costs was:
A)102,000 units
B)112,000 units
C)111,000 units
D)100,000 units

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:  The equivalent units for conversion costs was:
A)102,000 units 
B)112,000 units 
C)111,000 units 
D)100,000 units

Quizplus · Accepted Answer

Units transferred to the next department = Units in beginning work in process + Units started into production - Units in ending work in process = 30,000 + 90,000 - 20,000 = 100,000
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The Following Data Were Taken from the Accounting Records of the Hazel