Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Th

Question

4 years ago

12

Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. Th

e number of units transferred to finished goods during the year is:
Beginning Work in Process (30% complete, $1,600) 250 units
Ending inventory of Work in Process (70% complete) 450 units
Total units started during the year 3,700 units
a. 3,900 units.
b. 4,190 units.
c. 3,710 units.
d. 3,700 units.
e. 3,500 units.

Business

1 answer:

Archy [21] · Answer 1 · 2022-01-12T05:13:28+03:00

Answer:

Total equivalent units= 4,190

Explanation:

Giving the following information:

Beginning Work in Process (30% complete, $1,600) 250 units

Ending inventory of Work in Process (70% complete) 450 units

Total units started during the year 3,700 units

<u>We need to calculate the number of units completed and transferred out.</u>

Beginning work in process= 250*0.7= 175

Units started and completed= 3,700

Ending work in process equivalent units= 450*0.7= 315

Total equivalent units= 4,190