Question

Beginning inventory of Talisman Inc. for the month had 3,600 units that were 65% complete with respect to materials. During the month, 60,000 units were completed and transferred out. Ending inventory contained 6,000 units that were 40% complete with respect to materials. The weighted average equivalent units of production for materials for the month would be:

Answer 1

Answer:

The weighted average equivalent units of production for materials for the month would be 62,400 units

Explanation:

Consider the following formula:

Equivalent units of production for materials = Units completed and transferred out + Units in ending WIP * % of completion

= 60000 + (6000*40%)

= 62,400 units