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TB MC Qu. 16-96 A company's beginning Work...

TB MC Qu. 16-96 A company's beginning Work...


A company's beginning Work in Process inventory consisted of 37,000 units that were 90 %complete with respect to direct labor. A total of 107,000 were finished during the period and 42,000 remaining in Work in Process inventory were 50 %complete with respect to direct labor at the end of the period, Using the weighted-average method, the equivalent units of production with regard to direct labor were:

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Answer #1

Correct answer----------128,000

Working

Statement of Equivalent Units(Weighted average)
Labor
Units Complete % Equivalent units
Transferred out                1,07,000 100%                 1,07,000
Ending WIP                    42,000 50%                    21,000
Total                1,49,000 Total                 1,28,000
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