Help Save Exit Submit beghning work in Process inventory co

Help Save & Exit Submit beghning work in Process inventory consisted of 31,000 units that were 80% complete with respect to direct labor. A total of 101000 were finished during the period and 36000 remaining in work n Process inventory were SO% complete with to direct labor were 6 7 8 3 5

Solution

Units finished during the year

101000

(+) Ending WIP (36000 * 50%)

18000

Equivalent units

119000

There is no concept of Beginning WIP in weighted Avg method...i.e there is need to take all the units of Beginning WIP irrespective of completion degree

Units finished during the year	101000
(+) Ending WIP (36000 * 50%)	18000
Equivalent units	119000