The Learner Company uses the weighted average method.Learner's beginning work in process consists of 6,600 units (100% complete with respect to materials and 60% complete with respect to conversion costs).The number of units completed is 126,000.The ending work in process consists of 10,500 units (100% complete with respect to materials and 30% complete with respect to conversion costs).What are the equivalent units of production for conversion costs?
A) 120,850
B) 132,000
C) 129,150
D) 135,000

Question

Quizplus · Accepted Answer

SUPPORTING CALCULATIONS
Equivalent Units = Units Completed + Units in EWIP × Fraction Complete= 126,000 units + (10,500 units × 0.30) = 129,150 units

The Learner Company Uses the Weighted Average Method