Asked by
Maria Velasquez
on Dec 01, 2024
Verified
A company uses the weighted average method for inventory costing.During a period,Department B finished and transferred 50,000 units to Department C.Also in Department B during the period,10,000 units were started but brought only to a stage of being 60% completed.The number of equivalent units produced by Department B during the period was:
A) 44,000 units.
B) 50,000 units.
C) 54,000 units.
D) 56,000 units.
E) 60,000 units.
Weighted Average Method
An inventory costing method that assigns an average cost to each unit in inventory, calculated by dividing the total cost of goods available by the total units available.
Equivalent Units
A term used in cost accounting to represent a partial completion of a product, measured in units of a fully completed product.
- Quantify equivalent production units by applying the weighted average approach.
- Understand thoroughly the role and numerical evaluation of direct materials, conversion costs, and equivalent units in process costing.
Verified Answer
CM
Learning Objectives
- Quantify equivalent production units by applying the weighted average approach.
- Understand thoroughly the role and numerical evaluation of direct materials, conversion costs, and equivalent units in process costing.
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