A company has the following work in process inventory information:
• 6,000 units were in beginning inventory.
• 12,000 units were started.
• 5,000 units were in ending inventory.
• Beginning inventory is 60% complete for materials and 40% complete for conversion.
• Ending inventory is 30% complete for materials and 80% complete for conversion.

What is the number of equivalent units for materials using a weighted average process costing? 

Answer rating: 100% (QA)

Units completed and transferred Beginning Inventory Units Started Ending Inventory 6000 12000 500... View the full answer