Assume that there is no beginning work-in-process inventory,and the ending work-in-process inventory is 50% complete with respect to conversion costs.What would be the number of equivalent units of production with respect to conversion costs under the weighted-average method?
A) The same as the units completed.
B) The same as the units started during the period.
C) Less than the units completed.
D) Less than the units started during the period.

Question

Quizplus · Accepted Answer

The weighted-average method considers the equivalent units of production for both units completed during the period and units that are still in process at the end of the period. Since the ending work-in-process inventory is only 50% complete with respect to conversion costs, it means that only half of the units started during the period are completed. Therefore, the number of equivalent units of production with respect to conversion costs is less than the units started during the period, making option D the correct answer.

Assume That There Is No Beginning Work-In-Process Inventory,and the Ending