A company's beginning work in process inventory consisted of 20,000 units that were 1/5 complete with respect to direct labor.These beginning units were completed and another 90,000 units were started during the current period.Of those started,60,000 were finished and the remaining 30,000 were one-third complete at the end of the period.Using the weighted-average method,the equivalent units of production were:
A) 60,000
B) 74,000
C) 76,000
D) 86,000
E) 90,000

Question

Quizplus · Accepted Answer

80,000 + (30,000)(1/3) = 90,000

A Company's Beginning Work in Process Inventory Consisted of 20,000