Question

Zungu Limited provided you with the following information regarding their business operations during May 2020: UNITS...

Zungu Limited provided you with the following information regarding their business operations during May 2020: UNITS Work in process: May 1 (10% complete) 4 000 Put into process during May 17 000 Work in process: May 31 (20% complete) 3 000 Material and conversion costs are incurred uniformly throughout the process.

The equivalent units of production for conversion cost if the weighted average method is in use, would be: (2) a. 17 400 units b. 22 000 units c. 21 000 units d. 18 600 units

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Answer #1
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Zungu Limited
Weighted Average Physical Units % Conversion EUP- Conversion
Units completed and transferred out         18,000.00 100%         18,000.00
Ending work in process inventory            3,000.00 20%               600.00
Equivalent units of production         21,000.00         18,600.00
So equivalent units of production for conversion cost is 18,600. Option D.
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