The following information is provided: Materials and conversion are incurred uniformly throughout the process.
Equivalent units of production for conversion using the weighted average method would be

Question

The following information is provided:  Materials and conversion are incurred uniformly throughout the process.
Equivalent units of production for conversion using the weighted average method would be

Quizplus · Accepted Answer

The given information is related to the weighted average method. The equivalent units of production for conversion can be calculated using the formula: 
Equivalent Units = Units completed and transferred out + Equivalent units in ending work in process inventory 
Using the given information, the units completed and transferred out are not provided. Therefore, the equivalent units can be calculated only for the conversion process. 
Conversion Cost Equivalent Units = Total Units * Percentage of Completion for Conversion
= 20,000 * (80/100)
= 16,000
Adding the equivalent units in the ending work in process inventory:
Conversion Cost Equivalent Units = 16,000 + (4,800 * 40/100)
= 18,600
Thus, the equivalent units of production for conversion using the weighted average method would be 18,600. Hence, the answer is B.

The Following Information Is Provided: Materials and Conversion Are