A process with no beginning work in process, completed and transferred out 85,000 units during a period and had 50,000 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period were: Select one: O a. 70,000 equivalent units. O b. 95,000 equivalent units. O c. None of the answers are correct O d. 100,000 equivalent units. e. 85,000 equivalent units.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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A process with no beginning work in process, completed and transferred out 85,000 units during a period and had 50,000 units
in the ending work in process inventory that were 20% complete. The equivalent units of production for the period were:
Select one
O a. 70,000 equivalent units.
b. 95,000 equivalent units.
Oc. None of the answers are correct
O d. 100,000 equivalent units.
e. 85,000 equivalent units.
Transcribed Image Text:A process with no beginning work in process, completed and transferred out 85,000 units during a period and had 50,000 units in the ending work in process inventory that were 20% complete. The equivalent units of production for the period were: Select one O a. 70,000 equivalent units. b. 95,000 equivalent units. Oc. None of the answers are correct O d. 100,000 equivalent units. e. 85,000 equivalent units.
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