If beginning inventory in Work in Process is zero, 2,000 units are started during the period, and 300 units remain in ending inventory, how many equivalent units were completed and transferred out?

1700 units

Explanation:

The movement in the work in process account is due to units transferred in and out of the work in process.

This relationship between the opening and ending balances is as shown in the equation below;

starting balance + units transferred in - units transferred out = ending inventory

As such

0 + 2000 - units transferred out = 300

Unit transferred out = 2000 - 300

= 1700

1700 units

Explanation:

Opening or beginning inventory of work in progress (WIP) is 0, and 2,000 units are started during the period, closing or ending inventory is 300.

Then;

Beginning inventory in WIP = 0

Units started = 2000

Completed and transferred out = ? (unknown)

Ending inventory = 300

Completed and Transfer (C&T) = beginning inventory of work in progress + unit started - ending inventory

C&T = 0 + 2000 - 300

C&T = 1700