The following production data were taken from the records of the Finishing Depar
ID: 2334363 • Letter: T
Question
The following production data were taken from the records of the Finishing Department for June: Inventory in process, June 1 (34% completed) Completed units during June Ending inventory (61% complete) What is the number of material equivalent units of production in the June 30, Pinishing Department inventory, assuming that the first-in, first-out method is used to cort 4,500 units 56,800 units 2,500 units inventories and materials were added at the beginning of the process? a. s2.300 units Ob. 2,500 units Oc 54,800 units Od. 59,300 unitsExplanation / Answer
The units in Beginning WIP and Ending WIP are 100% complete in terms of material because the material is added at the beginning of the process.
Calculation of material equivalent units of production:
Completed units during June = 56800
Less: Inventory in Process, June 1 = 4500
Add: Ending Inventory = 2500
Material equivalent units of production = 56800 - 4500 + 2500 = 54800
Answer is c. 54,800 units
Your answer is absolutely correct.
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