The following information is available: $\begin{array}{lr}
\text { Units in process, November } 1 \text { (60\% converted) } & 2,000 \text { units }\
\text { Units in process, November } 30(60 \% \text { converted) } & 4,000 \text { units }\
\text { Units started during the month } & 30,000\text { units }
\end{array}$ Materials are added at the beginning of the process. How many equivalent units for conversion would there be in November using the weighted average method?
A)30,400 units
B)36,000 units
C)32,000 units
D)33,200 units

Question

Quizplus · Accepted Answer

The weighted average method assigns the equivalent units for conversion based on the percentage of completion of the units in process. In this case, the units in process on November 1 are 60% converted, while the units in process on November 30 are 60% converted. The units started during the month are assumed to be 0% converted.To calculate the equivalent units for conversion, we need to multiply the number of units in each category by their respective percentage of completion and then add the results.Equivalent units for conversion = (Units in process, November 1 * % converted) + (Units in process, November 30 * % converted) + (Units started during the month * % converted)= (2,000 units * 60%) + (4,000 units * 60%) + (30,000 units * 0%)= 1,200 units + 2,400 units + 0 units= 3,600 unitsTherefore, the number of equivalent units for conversion in November using the weighted average method is 3,600 units.

The Following Information Is Available Materials Are Added at the Beginning of the Process