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

Question

3 years ago

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

culate 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 year 3,200 units

Business

1 answer:

luda_lava [24] · Answer 1 · 2022-08-18T05:03:07+03:00

Answer:

Equivalent units of production= 3,520

Explanation:

Giving the following information:

Ending inventory of Work in Process (80% complete) 400 units

Total units started during the year 3,200 units

<u>To calculate the equivalent units using the weighted-average method, we need to use the following formula:</u>

<u></u>

Units completed in the period + Equivalent units in ending inventory WIP (units*%completion) = Equivalent units of production

Equivalent units of production= 3,200 + (400*0.8)

Equivalent units of production= 3,520