Question: Assume a company uses the average costing method with its process costing system.They had beginning inventory of work-in-process of 30,000 units, which were 60% complete
Assume a company uses the average costing method with its process costing system.They had beginning inventory of work-in-process of 30,000 units, which were 60% complete for processing.During the year, they started in process 100,000 units.At the end of the year, ending inventory contained 20,000 units which were 30% complete for processing.Equivalent units for processing for the year would be:
A.90,000
B.110,000
C.116,000
D.91,000
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