Question

The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production with respect to conversion for July using the weighted-average inventory method.

Tons of Product Percent of Conversion Added
Beginning Work in Process 230,000 60%
Goods started 570,000 100%
Goods completed 620,000 100%
Ending Work in Process 180,000 70%
A. 758,000
B. 800,000
C. 620,000
D. 746,000
Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. The number of units transferred to finished goods during the year is:

Beginning Work in Process (40% complete, $1,100) 200 units
Ending inventory of Work in Process (80% complete) 400 units
Total units started during the year 3,200 units
A. 3,200 units.
B. 3,000 units.
C. 3,400 units.
D. 3,160 units.
E. 3,500 units.

Answer 1

The answer is "746,000 and 3,000".

Step-by-step explanation:

For question 1:

Statement showing equal units Units of equal value

Units for physics Transition.

WIP(begin) 230000

Current period started 570000

In total 800000

Achieved and moved during current period

Work in process,
`620000 * 100 \%` 620000 620000

finished (provided)
`18000 * 70\%` 180000 126000

accounted 800000

Only function (equivalent unit) in the current time 746000

For question 2:

WIP (starting) 200

The new period has begun (given) 3200

Total 3400

Finished and moved during this time
`(3400-400)` 3000

Study on this, end (given) 400

Accountable 3400