Question

MC Qu. 98 At the beginning of the recent... At the beginning of the recent period, there were 1,470 units of product in a department, 35% completed. These units were finished and an additional 6,900 units were started and completed during the period. 1,560 units were still in process at the end of the period, 25% completed. Using the weighted average method, the equivalent units produced by the department were:

Answer 1

Using the weighted average method, the equivalent units produced by the department were:

= 8,760 units.

Step-by-step explanation:

a) Data and Calculations:

Units Conversion

Ending inventory 1,560

Units completed 8,370

Units available 9,930

Beginning inventory 1,470 35%

Additional units started 8,460

Equivalent units of production:

Units completed 8,370 8,370 (100%)

Ending inventory 1,560 390 (25%)

Equivalent units of production 8,760