Question

A department had 600 units which were 40% complete in beginning Goods in Process Inventory. During the current period, 7,000 units were transferred out. Ending Goods in Process Inventory was 800 units which were 40% complete. Using the weighted-average method, what are the equivalent units produced if all direct material and direct labor are added uniformly throughout the process?A. 7,080B. 6,960C. 7,320D. 7,680E. 7,800

Answer 1

Answer:

The equivalent units produced is 7320

Explanation:

To get the units produced in this period we ignore the beginning inventory, we just add new transferred out  +ending inventory

• 7,000 units were transferred out  

• Al the end , we have 800 at  40%= 320

Adding the 3 items

UP=7000+320=7320