Question

question 15
fox company uses the weighted average method. the beginning work in process consists of 20,000 units (100% complete as to materials and 50% complete as to conversion costs). the number of units completed during the period was 70,000. the work in process consists of 5,000 units (100% complete as to materials and 20% complete as to conversion costs). calculate the equivalent units of production with respect to conversion costs.
(a) 90,000
(b) 80,000
(c) 71,000
(d) 82,000
question 16
excellent manufacturing uses a process costing system to manufacture sensors for the security industry. the following information pertains to operations for the month of march:

Explanation:

Step1: Calculate equivalent - units of completed units

The number of units completed during the period is 70,000 and they are 100% complete as to conversion costs. So the equivalent - units of completed units for conversion costs is 70,000.

Step2: Calculate equivalent - units of ending work in process

The ending work in process has 5,000 units and is 20% complete as to conversion costs. So the equivalent - units of ending work in process for conversion costs is \(5000\times0.2 = 1000\).

Step3: Calculate total equivalent - units

The total equivalent - units of production with respect to conversion costs is the sum of equivalent - units of completed units and equivalent - units of ending work in process. So it is \(70000 + 1000=71000\).

Answer:

C. 71,000