Ask Question
7 May, 16:54

Our company uses the weighted average method for inventory costs and had the following information available for the year. Calculate the equivalent units of production for the year: Beginning Work in Process (40% complete, $1,100) 200 units Ending inventory of Work in Process (80% complete) 400 units Total units started during the year3,200 units

+2
Answers (1)
  1. 7 May, 18:29
    0
    Equivalent Units of Production (EUP) = 3,520 units

    Explanation:

    Units Completed = Beginning inventory units + Units Started - Ending Inventory

    Equivalent Units of Production (EUP) = Beginning Work in Process (WIP) + Started and Completed Units + Ending Work in Process (WIP) x % of conversion

    Units Completed = 200 + 3,200 - 400 = 3,000

    EUP = 200 + 3,000 + 400 x 80% = 3,520
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Our company uses the weighted average method for inventory costs and had the following information available for the year. Calculate the ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers