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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