Question: The following data are from a company using a process costing system: Beginning Goods in Process (WIP) Inventory on May 1: 100% complete for direct

The following data are from a company using a process costing system: Beginning Goods in Process (WIP) Inventory on May 1: 100% complete for direct materials 60% complete for direct labor & factory overhead 950 units Units completed and.transferred to finished goods during May: 7,700 units Ending Goods in Process (WIP) Inventory on May 31: 600 units 100% complete for direct materials 30% complete for direct labor & factory overhead The company uses the weighted-average method. Equivalent units of production for direct labor and factory overhead during the month totaled: Multiple Choice 9,010 O 8,450 7,880 O 8,820

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