A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding conversion activities for the current year:
$\begin{array}{ll}
\text { Work in Process, January } 1 & 5,500 \text { units, } 80 \% \text { complete } \
\text { Work in Process, December } 31 & 7,800 \text { units, } 50 \% \text { complete }
\end{array}$

Units completed and transferred to finished goods 46,900 units
Calculate the equivalent units of production for direct labor for the year.

Question

A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding conversion activities for the current year:
$\begin{array}{ll}
\text { Work in Process, January } 1 & 5,500 \text { units, } 80 \% \text { complete } \
\text { Work in Process, December } 31 & 7,800 \text { units, } 50 \% \text { complete }
\end{array}$

Units completed and transferred to finished goods 46,900 units
Calculate the equivalent units of production for direct labor for the year.

Quizplus · Accepted Answer

The Answer of A company uses a process costing system and the weighted average method for inventory costs. The following information is available regarding conversion activities for the current year:
$\begin{array}{ll}
\text { Work in Process, January } 1 & 5,500 \text { units, } 80 \% \text { complete } \
\text { Work in Process, December } 31 & 7,800 \text { units, } 50 \% \text { complete }
\end{array}$

Units completed and transferred to finished goods 46,900 units
Calculate the equivalent units of production for direct labor for the year.

A Company Uses a Process Costing System and the Weighted