Question

g Units: Beginning Inventory: 85,000 units, 70% complete as to materials and 20% complete as to conversion. Units started and completed: 260,000. Units completed and transferred out: 345,000. Ending Inventory: 32,500 units, 40% complete as to materials and 15% complete as to conversion. Costs: Costs in beginning Work in Process - Direct Materials: $37,200. Costs in beginning Work in Process - Conversion: $79,700. Costs incurred in October - Direct Materials: $646,800. Costs incurred in October - Conversion: $919,300. Calculate the equivalent units of materials. Group of answer choices 227,500 349,875 298,500 332,875 358,000

Answer 1

Answer: 358,000 units

Step-by-step explanation:

Assuming this is the weighted average method.

Equivalent units = Units completed and transferred out + Ending inventory Equivalent units.

Ending inventory Equivalent units = Ending inventory * %complete for materials

= 32,500 * 40%

= 13,000 units

Equivalent units = 345,000 + 13,000

= 358,000 units