Business, 29.01.2021 16:00 ashleyrturner08

Gambino Construction adds materials at the beginning of production and incurs conversion cost uniformly throughout manufacturing. Consider the data that follow. Units
Beginning work in process 20,000
Started in August 60,000
Production completed 55,000
Ending work in process,40% complete 25,000

Conversion cost in the beginning work-in-process inventory totaled $120,000, and August conversion cost totaled $270,000. Assuming use of the weighted-average method, which of the following choices correctly depicts the number of equivalent units for conversion cost and the conversion cost per equivalent unit?

Equivalent Units Materials Conversion Cost Per Equivalent Unit
a. 69,800 $4.31
b. 80,560 $4.28
c. 80,560 $5.40
d. 96,700 $4.28
e. 96,700 $5.40

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