Question

A company uses the weighted average method for inventory costing . At the beginning of a period the production department had units in beginning Work in Process inventory which were 33 % complete the department completed and transferred 168,000 units . At the end of the period units were in the ending Work in Process inventory and are 68 % complete . Compute the number of equivalent units produced by the department .

Answer 1

a. 178,200 units

Step-by-step explanation:

Comple question "A company uses the weighted average method for inventory costing. During a period, a production department had 54,000 units in beginning goods in process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending goods in process inventory and are 68% complete. Compute the number of equivalent units produced by the department. 178,200. 186,320. 183,000. 168,000. 114,000."

Calculation of Equivalent Unit (as per Weighted Method)

Unit % of Completion Equ. Unit

Unit Completed & Transferred Out 168,000 100% 168,000

Closing WIP 15,000 68% 10,200

Total Equivalent Unit 178,200