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19 January, 21:37

If materials were added at the beginning of the process, how many equivalent units of production for conversion costs would there be for Wonder Paints using the weighted average costing method?

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  1. 20 January, 00:51
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    C. 105,500 units

    Explanation:

    Equivalent unit of production is the quantity of work done in the manufacturing / production department. It also includes the completed percentage portion of the units in work in process.

    Units complete and transferred = Beginning units + Additions - uncompleted units = 10,000 units + 100,0000 units - 15,000 units = 95,000 units

    Equivalent Units = Units complete and transferred + (Closing units x percentage completion)

    Equivalent Units = 95,000 + (15,000 x 70%)

    Equivalent Units = 95,000 + 10,500

    Equivalent Units = 105,500
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