Ask Question
12 June, 06:55

Beginning inventory for the month contained 3,000 units that were 60 percent complete with respect to materials. During the month, 50,000 units were completed and transferred out. Ending inventory contained 5,000 units, 30 percent complete with respect to materials. The weighted average equivalent units of production for materials for the month would be: (A) 51,500 (B) 49,500 (C) 50,000 (D) 50,300

+3
Answers (1)
  1. 12 June, 10:20
    0
    Option A is correct (51,500 units)

    Explanation:

    Number of units completed and transferred during the month=50,000 units

    Ending Inventory units=5,000 units

    Completed units in ending inventory with respect to material=30% of 5000.

    Completed units in ending inventory with respect to material=5000*0.3

    Completed units in ending inventory with respect to material=1,500 units

    To find:

    The weighted average equivalent units of production for materials for the month?

    Solution:

    Equivalent units of production for material = Units completed and transferred out + Completed units in ending inventory with respect to material.

    Equivalent units of production for material=50,000+1,500

    Equivalent units of production for material=51,500 units.

    Option A is correct (51,500 units)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Beginning inventory for the month contained 3,000 units that were 60 percent complete with respect to materials. During the month, 50,000 ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers