A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 54,000 units in beginning Work in Process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending Work in Process inventory and are 68% complete. Compute the number of equivalent units produced by the department.

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03-05-2021
Business

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A company uses the weighted average method for inventory costing. At the beginning of a period the production department had 54,000 units in beginning Work in Process inventory which were 33% complete; the department completed and transferred 168,000 units. At the end of the period, 15,000 units were in the ending Work in Process inventory and are 68% complete. Compute the number of equivalent units produced by the department.

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