Question: 6) Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production,
6) Using the weighted-average method, compute the equivalent units of production if the beginning inventory consisted of 20,000 units; 55,000 units were started in production, and 57,000 units were completed and transferred to finished goods inventory. For this process, materials are added at the beginning of the process, and the units are 35% complete with respect to conversion. (7 points) Solution Beginning inventory Units started in production Units to account for Equivalent Units: Total Material Equivalent Units: Conversion Completed and transferred out Ending inventory Units accounted for
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
