The following information pertains to the Denise Company:
Materials are added at the beginning of the process. If equivalent units in process for conversion using the weighted average method were 20,000, ending work-in-process at Apri 30:
A) Was 15.0 percent complete
B) Was 31.7 percent complete
C) Was 25.0 percent complete
D) Was 32.5 percent complete

Question

The following information pertains to the Denise Company:
 Materials are added at the beginning of the process. If equivalent units in process for conversion using the weighted average method were 20,000, ending work-in-process at Apri 30:
A) Was 15.0 percent complete 
B) Was 31.7 percent complete 
C) Was 25.0 percent complete 
D) Was 32.5 percent complete

Quizplus · Accepted Answer

Units in Process were 4,500 + 20,000 = 24,500, and units in ending inventory were 6,000 units; therefore, 18,500 (or 24,500 - 6,000) units were completed and transferred to finished goods. Consequently, if the equivalent units in process were 20,000 and 18,500 were entirely completed during the period, the difference of 1,500 represents the equivalent value of the 6,000 units in ending inventory. 1,500 divided by 6,000 units equals 25% completed.

The Following Information Pertains to the Denise Company