A company\'s beginning Work in Process inventory consisted of 20,000 units that

Question

A company's beginning Work in Process inventory consisted of 20,000 units that were 20% complete with respect to direct labor. These beginning units were completed and another 90,000 units were started during the current period. Of those started, 60,000 were finished and the remaining 30,000 were 40% complete at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were:

60,000.

74,000.

76,000.

92,000.

96,000.

60,000.

74,000.

76,000.

92,000.

96,000.

Explanation / Answer

Work in process inventory at beginning                 which completed during current period      20000 units

60000 Finished goods                                                                                                               60000 units

40 % of 30000                                                                                                                            12000 units

Total units of production                                                                                                          92000

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