A corporation completed 50,000 finished units during a period and had 16,000 units in ending inventory that were 35% complete; therefore the number of equivalent units was 55,600.

Name: A corporation completed 50,000 finished units during a period and had 16,000 units in ending inventory that were 35% complete; therefore the number of equivalent units was 55,600.
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Question

Quizplus · Accepted Answer

The calculation for equivalent units is 50,000 finished units + (16,000 units * 35% completion) = 50,000 + 5,600 = 55,600 equivalent units.

A Corporation Completed 50,000 Finished Units During a Period and Had