Belegorsk Corporation uses a weighted-average process costing system to collect costs related to production in its Milling Department. The following information relates to Milling Department production for August:
-What are the Milling Department's equivalent units related to materials for August?
A) 37,000
B) 51,000
C) 42,000
D) 46,000

Question

Belegorsk Corporation uses a weighted-average process costing system to collect costs related to production in its Milling Department. The following information relates to Milling Department production for August: 
-What are the Milling Department's equivalent units related to materials for August?
A) 37,000 
B) 51,000 
C) 42,000 
D) 46,000

Quizplus · Accepted Answer

The equivalent units for materials are calculated based on the units started and completed during the period plus the equivalent units in ending inventory. The given choice B, 51,000, is likely the correct calculation based on the department's production data for August.

Belegorsk Corporation Uses a Weighted-Average Process Costing System to Collect