Answer:
Total number of equivalent units produced with respect to conversion costs = 50,200 units
Explanation:
Provided the conversion costs is incurred uniformly over the time.
Therefore,
Opening + Addition - Closing = Net actual Production
5,000 + 48,000 - 4,000 = 49,000
Which are completed 100%
Now this production of 49,000 units includes the opening work in process now completed.
Further closing Work In Process = 4,000 which is 30% complete.
Therefore equivalent units included in closing inventory = 4,000 X 30% = 1,200 units
Total number of equivalent units produced with respect to conversion costs is 49,000 + 1,200 = 50,200 units