Mathematics · Process Costing
MG Co uses process costing to establish the cost per unit of its output. The following information was available for the last month: - Input units: 10,000 - Output units: 9,850 - Opening inventory: 300 units (100% complete for materials and 70% complete for conversion costs) - Closing inventory: 450 units (100% complete for materials and 30% complete for conversion costs) MG Co uses the weighted average method of valuing inventory. What were the equivalent units for conversion costs?
Verified Solution4 OptionsUpdated: October 2026👁️1 View
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- 19,985 units✓
- 29,775 units
- 39,715 units
- 49,505 units
Correct answer
9,985 units
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