Problem: 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?
Material Conversion
A. 60,000 60,000
B. 76,000 76,000
C. 80,000 76,000
D. 80,000 64,000
E. 80,000 80,000