The following data were taken from the accounting records of the Hazel Corporatio? which uses the weighted-average method in its process costing system: $$\begin{array} { | c | l | }
\hline \text { Beginning work in process inventory } & \
\hline ( 100 \% \text { complete as to materials; } & \
\hline 70 \% \text { complete as to conversion) } & 30,000 \text { units } \
\hline \text { Started in process during the period } & 90,000 \text { units } \
\hline \text { Ending work in process inventory } & \
\hline ( 100 \% \text { complete as to materials; } & \
\hline 60 \% \text { complete as to conversion) } & 20,000 \text { units } \
\hline
\end{array}$$ The equivalent units of production for materials costs were?
A)120,000.
B)100,000.
C)90,000.
D)112,000.

Question

The following data were taken from the accounting records of the Hazel Corporatio? which uses the weighted-average method in its process costing system: $$\begin{array} { | c | l | } 
\hline \text { Beginning work in process inventory } & \
\hline ( 100 \% \text { complete as to materials; } & \
\hline 70 \% \text { complete as to conversion) } & 30,000 \text { units } \
\hline \text { Started in process during the period } & 90,000 \text { units } \
\hline \text { Ending work in process inventory } & \
\hline ( 100 \% \text { complete as to materials; } & \
\hline 60 \% \text { complete as to conversion) } & 20,000 \text { units } \
\hline
\end{array}$$ The equivalent units of production for materials costs were?
A)120,000.
B)100,000.
C)90,000.
D)112,000.

Quizplus · Accepted Answer

The equivalent units of production for materials costs are equal to the number of units started in process during the period plus the number of units completed and transferred out during the period. In this case, the number of units started in process during the period is 90,000 and the number of units completed and transferred out during the period is 100,000. Therefore, the equivalent units of production for materials costs are 120,000.

The Following Data Were Taken from the Accounting Records of the Hazel