Nyman Company successfully switched to a lean production system at the beginning

Question

Nyman Company successfully switched to a lean production system at the beginning of March. Therefore, as shown by the summary below, there were no work in process inventories on hand at the end of the month.

Percent Complete <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /?>

Units Material Conversion

Work in process, March 1 ........ 40,000 40% 45%

Started during the period 150,000

Completed and transferred out 190,000

If Nyman Company uses the weighted-average cost method, the March equivalent units for materials would be:

Please show work..

Explanation / Answer

40,00 + 150,000 = 190,000 Since these were all transferred out, they were 100% complete. Answer: 190,000 equivalent units for materials

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