Ask Question
24 November, 06:56

Assume 1,000 units were completed and transferred out during the period. The 80 units left in ending WIP are 20 % complete with respect to conversion costs. The total equivalent units for conversion costs would be

A. 16

B. 1000

C. 1016

D. 1080

+5
Answers (1)
  1. 24 November, 07:06
    0
    C. 1016

    Explanation:

    The computation of the total equivalent units for conversion cost is shown below:

    = Completed and transferred units * completion percentage + ending work in process units * completion percentage

    = 1,000 units * 100% + 80 units * 20%

    = 1,000 units + 16 units

    = 1,016 units

    We simply added the completion units and the ending work in process units
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Assume 1,000 units were completed and transferred out during the period. The 80 units left in ending WIP are 20 % complete with respect to ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers