Use the following information to answer the following Questions
Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May:

-Using the weighted-average method of process costing, the equivalent units of conversion activity total:
A) 60,400.
B) 68,000.
C) 69,400.
D) 74,000.
E) None of the answers is correct.

Question

Use the following information to answer the following Questions
Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 60% complete with respect to conversion; the ending work-in-process inventory is 20% complete. The following data pertain to May:

-Using the weighted-average method of process costing, the equivalent units of conversion activity total:
A) 60,400. 
B) 68,000. 
C) 69,400. 
D) 74,000. 
E) None of the answers is correct.

Quizplus · Accepted Answer

The weighted-average method calculates equivalent units by combining units completed and transferred out with the equivalent units in ending work in process. The total equivalent units of conversion activity is 69,400.

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