the rest-a-lot chair company manufacturing a standard recliner. during februare

Question

the rest-a-lot chair company manufacturing a standard recliner. during februare the firm's assembly department started production of 75,000 chairs. during the month, the firm completed 85,000 chairs and transferred them to the finishing department. the firm ended the month with 15,000 chairs in ending inventory. all direct materials costs are added at the begining of the production cycle. weighted-average costing is uesd by rest-a-lot.

what were the equivalent units for materialsfor february?

A 95?000 chairs

B 75?000 chairs

C 80?000 chairs

D 100?000 chairs

Explanation / Answer

D 100?000 chairs Statement of Equivalent production Particulars Direct Materials %completion Equivalent mat Opening WIP = 85000 - 60000                  25,000.00 100%                       25,000.00 Units started and completed = 75000 - 15000                  60,000.00 100%                       60,000.00 ending WIP                  15,000.00 100%                       15,000.00 Equivalent Units                     100,000.00

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