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: $\begin{array} { l r r }
\text { Beginning Work in Process } ( 40 \% \text { complete, } \$ 1,100 ) & 200 & \text { units } \
\text { Ending inventory of Work in Process } ( 80 \% \text { complete) } & 400 & \text { units } \
\text { Total units started during the year } & 320 & \text { units }
\end{array}$
A) 3,240 units.
B) 3,200 units.
C) 3,320 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: $\begin{array} { l r r } 
\text { Beginning Work in Process } ( 40 \% \text { complete, } \$ 1,100 ) & 200 & \text { units } \
\text { Ending inventory of Work in Process } ( 80 \% \text { complete) } & 400 & \text { units } \
\text { Total units started during the year } & 320 & \text { units }
\end{array}$
A) 3,240 units.
B) 3,200 units.
C) 3,320 units.
D) 3,520 units.
E) 3,800 units.

Quizplus · Accepted Answer

To calculate the equivalent units of production, we need to consider both the completed units and partially completed units. Total units started during the year = 3,200 units (^{)
Plus partially completed units in ending inventory = 120 units (} x 120%) Total equivalent units of production = 3,200 + 144 = 3,320 units. Therefore, the correct answer is C).

Metaline Corp A) 3,240 Units