3. ABC Company\'s January 1 goods in process inventory contained 30,000 units co

Question

3. ABC Company's January 1 goods in process inventory contained 30,000 units complete with respect to direct La 120,000 units were started. Of those started, 50,000 were finished and the remaining 40,000 were left one fifth complete. Using weighted average, calculate the equivalent units of production for the year. You must show your work for credit. You may use the template below. Hint: Total EUP should be a number between 115,000 and 120,000. (I point) that were one-foarth bor. The beginsing inventory was commpleted this year and another Equivalest Percent of ork P Units commpleted Ending goods in process Total 4. The following data are available for Quality Ine for the curreat year: 12,000 units, 60% completed Beginning inventory of goods in process Ending inventory of goods in process Units completed and transferred to 18,000 units, 30% oompited 1 44,000 units finished goods during the yer

Explanation / Answer

3) Calculate equivalent unit

4) Calculate equivalent unit

Units Percent of work performed Equivalent unit Units completed (80000+30000) 110000 100% 110000 Ending goods in process 40000 1/5 8000 Total 150000 118000

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