question 15\nfox company uses the weighted average method. the beginning work in process consists of 20,000…

question 15\nfox company uses the weighted average method. the beginning work in process consists of 20,000 units (100% complete as to materials and 50% complete as to conversion costs). the number of units completed during the period was 70,000. the work in process consists of 5,000 units (100% complete as to materials and 20% complete as to conversion costs). calculate the equivalent units of production with respect to conversion costs.\n(a) 90,000\n(b) 80,000\n(c) 71,000\n(d) 82,000\nquestion 16\nexcellent manufacturing uses a process costing system to manufacture sensors for the security industry. the following information pertains to operations for the month of march:

question 15\nfox company uses the weighted average method. the beginning work in process consists of 20,000 units (100% complete as to materials and 50% complete as to conversion costs). the number of units completed during the period was 70,000. the work in process consists of 5,000 units (100% complete as to materials and 20% complete as to conversion costs). calculate the equivalent units of production with respect to conversion costs.\n(a) 90,000\n(b) 80,000\n(c) 71,000\n(d) 82,000\nquestion 16\nexcellent manufacturing uses a process costing system to manufacture sensors for the security industry. the following information pertains to operations for the month of march:

Answer

Explanation:

Step1: Calculate equivalent - units of completed units

The number of units completed during the period is 70,000 and they are 100% complete as to conversion costs. So the equivalent - units of completed units for conversion costs is 70,000.

Step2: Calculate equivalent - units of ending work in process

The ending work in process has 5,000 units and is 20% complete as to conversion costs. So the equivalent - units of ending work in process for conversion costs is (5000\times0.2 = 1000).

Step3: Calculate total equivalent - units

The total equivalent - units of production with respect to conversion costs is the sum of equivalent - units of completed units and equivalent - units of ending work in process. So it is (70000 + 1000=71000).

Answer:

C. 71,000