The Winston Company began the period with no units in process and 80,000 units in Finished Goods inventory.During the period they sold 280,000 units and also had the following at the end of the period: $\text {Finished goods (units) ........................... 40,000}$
$\text {Work-in-process (50\% conversion complete) .... 12,000}$ Equivalent units for the period totalled

Question

Quizplus · Accepted Answer

Equivalent units are the combination of completed units and partially completed units in a period. 
In the given table, 28,000 units were in process at the end of the period. 
Thus, total equivalent units for the period = Units sold + Ending work in process = 280,000 + 28,000 = 308,000
However, the question asks for the equivalent units for the period, not the total equivalent units. 
So, we need to subtract the units in the initial Finished Goods inventory. 
Thus, the equivalent units for the period are: 
308,000 - 80,000 (initial Finished Goods inventory) = 228,000
But, the question is asking for the equivalent units for the period "totalled." Therefore, we also need to add the equivalent units for the units in the initial inventory. As they are completely finished (no WIP present), they are equal to the units in the initial inventory. 
Thus, the final equivalent units for the period totalled are:
228,000 + 80,000 = 246,000
Therefore, the answer is D.

The Winston Company Began the Period with No Units in Process