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:
A)60,000.
B)74,000.
C)76,000.
D)92,000.
E)96,000.

Question

Quizplus · Accepted Answer

The equivalent units of production for direct labor using the weighted-average method are calculated by adding the units completed (80,000) to the equivalent units in ending inventory (12,000), resulting in 92,000 equivalent units.

A Company's Beginning Work in Process Inventory Consisted of 20,000