Question

EA8.

LO 5.3How many units must have been completed and transferred if beginning inventory was 75,000 units, ending inventory was 72,000 units, and 290,000 units were started?

Answer 1

293,000 units

Step-by-step explanation:

As we know that

Ending work in process inventory units = Beginning inventory units + units started - units completed and transferred

72,000 units = 75,000 units + 290,000 units - units completed and transferred

72,000 units = 365,000 units - units completed and transferred

So, the units completed and transferred would be

= 365,000 units - 72,000 units

= 293,000 units