Question

The following data was taken from the accounting records of the Hazel Corp, which uses the weighted-average method in its process costing system: Beg WIP Inventory (Materials 100, Started in process during the period.... 90,000 units, End WIP inventory (Materials 100). The equivalent units for conversion costs was:

1) 102,000 units
2) 111,000 units
3) 112,000 units
4) 100,000 units

Answer 1

The equivalent units for conversion costs is 90,100 units.

Step-by-step explanation:

The equivalent units for conversion costs can be calculated by adding the units started and completed during the period to the ending work in process (WIP) units. In this case, the units started and completed during the period are 90,000 units, and the ending WIP units are given as 100 units. Therefore, the equivalent units for conversion costs is 90,000 + 100 = 90,100 units.