Question

In: Accounting

The beginning inventory consisted of 20,000 units, 40 percent complete and the ending inventory consisted of...

The beginning inventory consisted of 20,000 units, 40 percent complete and the ending inventory consisted of 12,000 units, 50 percent complete. There were 30,000 units started during the period.

Determine the equivalent units of conversion in process.

a. 32,000b. 38,000c. 20,000d. 44,000

Solutions

Expert Solution

equivalent units of conversion in process d. 44,000
Statement of Equivalent production
Particulars Units %completion Equivalent units
Beginning WIP             20,000.00 100%             20,000.00
Units started and completed(30,000 - 12,000)             18,000.00 100%             18,000.00
ending WIP             12,000.00 50%               6,000.00
Equivalent Units of production             44,000.00
Note - Assumed Weighted average method in absence of information

ekkarill92 answered 20 hours ago
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