Beginning inventory for the month contained 3,000 units that were 35% complete with respect to materials. 57,000 units were comp

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Beginning inventory for the month contained 3,000 units that were 35% complete with respect to materials. 57,000 units were comp

leted and transferred out during the month. 5,500 units were in ending inventory, 10% complete with respect to materials. The weighted average equivalent units of production for materials for the month would be

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1 answer:

notka56 [123] · Answer 1 · 2022-05-12T01:49:03+03:00

Answer: 57,550 units

Explanation:

When using the weighted average method, the units completed and transferred out are assumed to include the opening inventory.

The weighted average equivalent units are therefore:

= Units completed and transferred out + Equivalent ending units

= 57,000 + (10% * 5,500)

= 57,000 + 550

= 57,550 units