Hendrix Ltd employs a process costing system. Direct materials are added at the beginning of the process. Here is information about July's activities: Using the weighted average method, the number of equivalent units of material was

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Quizplus · Accepted Answer

In the weighted average method, equivalent units are calculated by adding units completed and transferred out to the equivalent units in ending work in process. Since direct materials are added at the beginning, all units in process are considered 100% complete for materials. Therefore, the equivalent units of material would be the sum of units completed and transferred out and the units in ending inventory.

Hendrix Ltd Employs a Process Costing System