Process Costing: A company’s records show the following information concerning the work in process of an...
Process Costing:
A company’s records show the following information concerning
the work in process of an assembly plant which uses the weighted
average method:
*beginning inventory: 8,000 units 25% complete for materials, 40%
complete for conversion costs
*ending inventory: 12,000- units 15% complete for materials, 10%
complete for conversion
Started this month: 30,000 units
For materials, how many equivalent units were produced?
A. 25800
B. 26000
C. 27800
D. 50000
E. None of these
Homework Answers
Units completed and transfer = Beginning inventory + Started - ending inventory
= 8000+30000-12000
= 26000
Equivalent units for material = 26000*100% + 12000*15%
= 27800 units
Option C. is correct answer.
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Process Costing:
A company’s records show the following information concerning
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