Metaline Corp.uses the weighted average method for inventory costs and had the following information available for the year.

-Calculate the equivalent units of production for the year:
A)3,200 units.
B)3,320 units.
C)3,240 units.
D)3,520 units.
E)3,800 units.

Question

Metaline Corp.uses the weighted average method for inventory costs and had the following information available for the year.

-Calculate the equivalent units of production for the year: 
A)3,200 units. 
B)3,320 units. 
C)3,240 units. 
D)3,520 units. 
E)3,800 units.

Quizplus · Accepted Answer

The equivalent units of production are calculated by considering the units completed and transferred out plus the equivalent units in ending work in process. The correct calculation leads to 3,320 units.