Abc company has a beginning work-in-process inventory of 25,000 units (40% complete). during the period, 110,000 units were started and the ending work-in-process inventory consisted of 20,000 units (80%). what are the equivalent units for conversion costs using weighted-average process costing? a. 110,000b. 115,000c. 121,000d. 131,000

The correct answer is D. 131,000

Explanation:

To get equivalent units we use the following formula.

Total equivalent units of a cost product = A + B * C

Where:

A = units transferred or finished goods (completed)

B = units Ending Work in Process

C = percentage of completion

Units transferred are the beginning  Inventory+  started units - ending Inventory= 25,000+110,000-20,000 =115,000

Total equivalent units of a cost product =115,000 + 20,000  * 0,80

Total equivalent units of a cost product =131,000

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