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i Data Table - X Units 200 Direct Materials $ 64,000 540 Work-in-process inventory, January 1 Started during the quarter Comp

Serritone Corporation uses a process costing system to manufacture laptop PCs. The following information summarizes operation

SerritoneSerritone

Corporation uses a process costing system to manufacture laptop PCs. The following information summarizes operations for its VeryLite model during the quarter ending

MarchMarch

​31, Year​ 1:

LOADING...

​(Click the icon to view the​ information.)Beginning​ work-in-process inventory was

5050​%

complete for direct materials. Ending​ work-in-process inventory was

8080​%

complete for direct materials. What were the equivalent units for direct materials for the quarter using the FIFO​ method?

1.482482

2.740740

3.640640

4.582

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Answer #1

Equivalent unit of material = (Beginning WIP*Percent completion)+Unit started and completed+(Ending WIP*Percent completion)

= (200*50%+250*100%+290*80%)

Equivalent unit of material = 582

So answer is d) 582

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