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July 7, 2015

Homework Help: Accounting

Posted by Anonymous on Sunday, June 30, 2013 at 4:20pm.

Department E had 4,000 units in Work in Process that were 40% completed at the beginning of the period at a cost of $12,500. 14,000 units of direct materials were added during the period at a cost of $28,700. 15,000 units were completed during the period, and 3,000 units were 75% completed at the end of the period. All materials are added at the beginning of the process. Direct labor was $32,450 and factory overhead was $18,710.

The number of equivalent units of production for the period for materials if the average cost method is used to cost inventories was:
Answer

15,650

18,000

17,250

17,700

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