Carrington Corporation produces canned vegetable soup.The company uses the weighted-average method in its process costing system.The company sold 300,000 units in January.Data concerning inventories follow: What were the equivalent units for conversion costs for January?

A) 285,000 units.
B) 303,000 units
C) 300,000 units
D) 309,000 units

Canned Vegetable Soup

This refers to a preserved, ready-to-eat soup product that contains various vegetables.

Weighted-Average Method

A method for valuing inventory that calculates the cost of inventory based on the average cost of all comparable items available throughout the period, adjusted by their weighted importance.

Process Costing

An accounting methodology used for homogeneous products, attributing costs to units of product on an average basis.