Question

# Process Costing: A company’s records show the following information concerning the work in process of an...

Process Costing:

A company’s records show the following information concerning the work in process of an assembly plant which uses the weighted average method:
*beginning inventory: 8,000 units 25% complete for materials, 40% complete for conversion costs
*ending inventory: 12,000- units 15% complete for materials, 10% complete for conversion
Started this month: 30,000 units

For materials, how many equivalent units were produced?
A. 25800
B. 26000
C. 27800
D. 50000
E. None of these

Units completed and transfer = Beginning inventory + Started - ending inventory

= 8000+30000-12000

= 26000

Equivalent units for material = 26000*100% + 12000*15%

= 27800 units

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