Tript Corporation has a process costing system and uses the weighted-average method. The company had 3,000 units in work in process on February 1 that were 60% complete with respect to conversion costs. During the month, 10,000 units were completed. At the end of the month, 4,000 units remained in work in process that were 40% complete with respect to conversion costs. Materials are added at the beginning of the process.How many units were started into production during February?
A) 9,800
B) 11,000
C) 10,000
D) 9,000

Question

Quizplus · Accepted Answer

To find the number of units started into production during February, we need to calculate the total units accounted for and then subtract the units that were in work in process at the beginning of the period. The formula to calculate units started into production is: Units completed + Ending work in process - Beginning work in process. Given that 10,000 units were completed and 4,000 units were in work in process at the end of the month, and considering that 3,000 units were in work in process at the beginning of the month, we calculate: 10,000 (completed) + 4,000 (ending WIP) - 3,000 (beginning WIP) = 11,000 units started into production during February.

Tript Corporation Has a Process Costing System and Uses the Weighted-Average