Question

Wilco LLC uses the weighted average method to determine equivalent units of production. Wilco LLC reported that in last quarter that 10,000 units were completed and moved to finish goods inventory. Wilco also determines that 7,000 units were in ending Goods in Process inventory. The units in ending Goods in Process inventory were 50% finished in regards to all costs. Determine Wilco's equivalent units of production for the quarter.

Answer 1

Answer:

the number of equivalent units for the production is 13,500 units

Explanation:

The computation of the number of equivalent units for the production is shown below:

Units completed and transferred  is  10,000 units

Add Ending work in the process [7,000 × 0.50] 3,500 units

Total equivalent units 13,500 units

Hence, the number of equivalent units for the production is 13,500 units

The same is relevant