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The information below was obtained from the records of the first processing depa

ID: 2434226 • Letter: T

Question

The information below was obtained from the records of the first processing department of Christine Corporation for the month of July. The company uses the weighted-average method in its process costing system.

Work in Process inventory, July 1 20,000 units 40% labor and overhead
Started during the month 70,000 units
Completed during the month 80,000 units
Work in Process inventory, July 31 ? 25% labor and overhead

All materials are added at the beginning of the manufacturing process.

The equivalent units for labor and overhead for the month is:


A. 80,000

B. 82,500

C. 70,000

D. 90,000

Explanation / Answer