Landers Company, which uses the weighted average process costing system, has the

Question

Landers Company, which uses the weighted average process costing system, has the following information available for May:

Units in work-in-process, beginning inventory
(100% materials, 25% conversion)

10,000

Units started during May

100,000

Units completed and transferred out

80,000

Units in work-in-process, ending inventory
(100% materials, 20% conversion)

30,000

Equivalent units for materials is:

Landers Company, which uses the weighted average process costing system, has the following information available for May:

Units in work-in-process, beginning inventory
(100% materials, 25% conversion)

10,000

Units started during May

100,000

Units completed and transferred out

80,000

Units in work-in-process, ending inventory
(100% materials, 20% conversion)

30,000

Equivalent units for materials is:

Explanation / Answer

Equivalent units for materials is:Units in work-in-process, beginning inventory
(100% materials, 25% conversion)+Units completed and transferred out+Units in work-in-process, ending inventory
(100% materials, 20% conversion)=10,000+80,000+30,000=110,000 units

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