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the waintwright company uses a process cost system. All materials are added when the process is...

the waintwright company uses a process cost system. All materials are added when the process is initially begun. at the start of June, there were no units of product in process. during June, 40,000 units were started; 10,00 of these were still in process at the end of June and half finished. What were the equivalent units of material in June?

a. 45,000

b. 40,000

c. 50,000

d. 30,000

business   accounting   
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Answer #1

Equivalent unit of material = Unit transferred out + Ending WIP*Percent completion

= 30000+10000*100%

Equivalent unit of material = 40000

So answer is b) 40000

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