Gibson Corporation has the following information for the current month:
Units started 100,00 units
Beginning Work in Process:(35% complete)| 20,000 units
Normal spoilage (discrete)| 3,500 units
Abnormal spoilage | 5,000 units
Ending Work in Process: (70% complete)| 14,500units
Transferred out| 97,000 units
Beginning Work in process Costs:
Material | $15,000
Conversion | 10,000
All materials are added at the start of the production process. Gibson Corporation inspects goods at 75 percent completion as to conversion. Refer to Gibson Corporation. What are equivalent units of production for conversion costs assuming weighted average is used?
Select one:
a. 114,400
b. 115,650
c. 113,525
d. 114,775
