the ending inventory of finished goods has a total cost of 10,000 and consist 38

ID: 2479741 • Letter: T

Question

the ending inventory of finished goods has a total cost of 10,000 and consist 38 A company's beginning work in process inventory consisted of 29000 units that were 15 complete wh respect to direct lebor. These beginning units were completed and another 144000 units were started during the current period. Of those started, 87000 were finished and the remaining 57000 were one-thrd compiete at the end of the period. Using the weighted-average method, the equivelent unts of production were O 87000 O 120.800 O 110.200 O 135.000 O 129.200 and Windows F6 FA F2 4

Explanation / Answer

Calculation of Equivalent Units of Production:

(Using weighted Average Method)

Physical Units

Equivalent Units

Units in Beginning Work In Process Inventory

29000

Units started and completed

87000

Total Units completed during the period (29000+87000)

116000

Units in Ending Work In Process Inventory

57000

19000

(57000 * 1/3)

Total Equivalent Units

135000