Answer the following questions using the information below:
The Swivel Chair Company manufacturers a standard recliner. During February, the firm's Assembly Department started production of 145,000 chairs. During the month, the firm completed 175,000 chairs and transferred them to the Finishing Department. The firm ended the month with 18,000 chairs in ending inventory. All direct materials costs are added at the beginning of the production cycle. Weighted-average costing is used by Swivel.
-What were the equivalent units for materials for February?
A) 193,000 chairs
B) 173,000 chairs
C) 163,000 chairs
D) 153,000 chairs

Question

Quizplus · Accepted Answer

Equivalent units for materials = Beginning work in process + Units started during the period - Ending work in process= 0 + 145,000 - 18,000= 127,000 chairs

Answer the Following Questions Using the Information Below