Question

If 120,000 units are started into production there was no beginning work in process, and40,000 units are in process at the end of the period, how many units were completed andtransferred out?a.120,000.b.40,000.c.80,000.d.160,000.

Answer 1

Answer: C - 80,000 units

Explanation:From the question above, 120,000 units started the production process without an opening balance and at the end of the period had 40,000 units left still in process. Then the balance of products completed and transferred out is:

120,000 units minus 40,000 units in process equals to 80,000 units completed and transferred out.