11.Department A had 5,000 units in work in process that were 60% completed as to

Question

11.Department A had 5,000 units in work in process that were 60% completed as to labor and overhead at the beginning of the period; 34,000 units of direct materials were added during the period; 31,000 units were completed during the period; and 2,000 units were 80% completed as to labor and overhead at the end of the period. All materials are added at the beginning of the process. The first-in, first-out method is used to cost inventories. The number of equivalent units of production for material costs for the period was a.34,000 b.29,000 c.32,000 d.29,800

Explanation / Answer

Beginning work in process 5,000 completed & transferred 37,000 units started during the year 34,000 ending work in process 2,000 units to be accounted 39,000 units accounted for 39,000 Equivalent units material % materials units beginning work in process 5,000 - 0 completed during the year 32,000 100% 32,000 completed and transferred 37,000 - ending work in process 2,000 100% 2,000 Equivalent units for materials 34000 Answer option a ) 34,000 units

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