
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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10. Beginning work in progress in the assembly department of a company was 3,000 units, 50% completed. During the year, a total of 20,000 units were completed and delivered to customers. Ending work in progress was 5,000 units, with 80% completed with respect to conversion. What are the equivalent units for conversion, assuming the weighted-average method is used?
a) 22,500
b) 23,500
c) 24,000
d) 25,000
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