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Gilberto Adds Materials at the Beginning of Production and Incurs

Question 50

Multiple Choice

Gilberto adds materials at the beginning of production and incurs conversion cost uniformly throughout manufacturing. Consider the data that follow.  Units  Beginning work in process 20,000 Started in August 60,000 Production completed 55,000 Ending work in process, 40% complete 25,000\begin{array}{ll}&\text { Units }\\\text { Beginning work in process } & 20,000 \\\text { Started in August } & 60,000 \\\text { Production completed } & 55,000 \\\text { Ending work in process, } 40 \% \text { complete } & 25,000\end{array} Conversion cost in the beginning work-in-process inventory totaled $120,000, and August conversion cost totaled $270,000. Assuming use of the weighted-average method, which of the following choices correctly depicts the number of equivalent units for materials and the conversion cost per equivalent unit?  Gilberto adds materials at the beginning of production and incurs conversion cost uniformly throughout manufacturing. Consider the data that follow.  \begin{array}{ll}&\text { Units }\\ \text { Beginning work in process } & 20,000 \\ \text { Started in August } & 60,000 \\ \text { Production completed } & 55,000 \\ \text { Ending work in process, } 40 \% \text { complete } & 25,000 \end{array}  Conversion cost in the beginning work-in-process inventory totaled $120,000, and August conversion cost totaled $270,000. Assuming use of the weighted-average method, which of the following choices correctly depicts the number of equivalent units for materials and the conversion cost per equivalent unit?   A)  Choice A B)  Choice B C)  Choice C D)  Choice D E)  Choice E


A) Choice A
B) Choice B
C) Choice C
D) Choice D
E) Choice E

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