Use the information below to answer the following questions:
Goody Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. The company uses the weighted-average method for process costing. Data for the finishing department follows:

-What are the equivalent units for direct materials at Goody Company?

Question

Use the information below to answer the following questions:
Goody Company adds direct materials at the beginning of the process and adds conversion costs throughout the process. The company uses the weighted-average method for process costing. Data for the finishing department follows:
 
-What are the equivalent units for direct materials at Goody Company?

Quizplus · Accepted Answer

Equivalent units for direct materials are calculated based on the units of production and the stage of completion for those units. Without specific details on the production process, materials added at different stages, or the percentage completion of those materials, it's impossible to provide a detailed explanation. However, given the answer choice, it suggests that the calculation based on the provided data results in 57,000 equivalent units for direct materials at Goody Company.

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