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s344n2d4d5 [400]
3 years ago
12

Our company uses the weighted average method for inventory costs and had the following information available for the year. Calcu

late the equivalent units of production for the year:      Beginning Work in Process (40% complete, $1,100)200 units  Ending inventory of Work in Process (80% complete)400 units  Total units started during the year3,200 units
Business
1 answer:
zalisa [80]3 years ago
6 0

Answer:

Equivalent Units of Production (EUP) = 3,520 units

Explanation:

Units Completed = Beginning inventory units + Units Started - Ending Inventory

Equivalent Units of Production (EUP) = Beginning Work in Process (WIP) + Started and Completed Units + Ending Work in Process (WIP) x % of conversion

Units Completed = 200 + 3,200 - 400 = 3,000

EUP = 200 +  3,000 + 400 x 80% = 3,520

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