Question

In: Accounting

A company uses the weighted average method for inventory costing. At the beginning of a period...

A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 40,000 units in beginning Work in Process inventory which were 30% complete; the department completed and transferred 165,000 units. At the end of the period, 12,000 units were in the ending Work in Process inventory and are 65% complete. Compute the number of equivalent units produced by the department.

Multiple Choice

  • 177,000.

  • 172,800.

  • 125,000.

  • 165,000.

  • 177,500.

Solutions

Expert Solution

Correct answer--------------172,800

Working

Statement of Equivalent Units(Weighted average)
Units Complete % Equivalent units
Transferred out                             165,000 100%                 165,000
Ending WIP                                12,000 65%                     7,800
Total                             177,000 Total                 172,800

ekkarill92 answered 1 year ago
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