A company's beginning Work in Process inventory consisted of 27,000 units that were 20% complete with...
A company's beginning Work in Process inventory consisted of 27,000 units that were 20% complete with respect to direct labor. These beginning units were completed and another 101,200 units were started during the current period. Of those started, 67,000 were finished and the remaining 34,200 were 40% complete at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were:
Homework Answers
Equivalent units of production using weighted average method:
Opening WIP Units, finished and transferred during the period = 27000 X 100% = 27000
Units begun, finished and transferred during the period = 67200 X 100% = 67200
Units begun but unfinished / in process during the period = 34200 X 40% = 13680
Equivalent units = 107880 units
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