A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 20,000 units in beginning work in process inventory which were 40% complete, the department completed and transferred 165,000 units. At the end of the period,22,000 units were in the ending work in process inventory and are 75% complete. Compute the number of equivalent units produced by the department.

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Equivalent Units Produced using Weighted Average Method The weighted average method assumes that all ... View the full answer