Question: Browning, which uses a process-costing system, adds all material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The information that follows

Browning, which uses a process-costing system, adds all material at the beginning of production and incurs conversion cost evenly throughout manufacturing. The information that follows relates to the period just ended: Units started and completed: 60,000 Units in ending work-in-process inventory: 20,000, 80% complete Which of the following choices correctly expresses the total equivalent units of production with respect to material and conversion cost? 60,000 for materials and 60,000 for conversion. 76,000 for materials and 76,000 for conversion. 80,000 for materials and 76,000 for conversion. 80,000 for materials and 64,000 for conversion. 80,000 for materials and 80,000 for conversion.

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