SavedBrody Corp. uses a process costing system in which direct materials are added at the beginning of the process and conversion costs are incurredunformly throughout the process. Beglnning Inventory for January consisted of 1,250 units that were 75% completed. 10,000 units were started intothe process during January. On January 31, the inventory consisted of 400 units that were 50% completed. What would be the equivalent units fordirect materlals cost using the welghted average method?Multiple Cholce11,25010,60010,30010,000

Equivalent units of direct materials using weighted average method = Units completed and transferred out + Units in ending WIP * % completion with respect to ending WIPEquivalent units of direct materials using weighted average method = (1250 + 10000 - 400) + (400*100%) = 11250 units Hence first option is correct.

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Brody Corp. uses a process costing system in which direct materials are added at the beginrll uniformly throughout the process. Beglnning inventory for January consisted of 1,250 units that were 75% complet the process during January. On January 31, the inventory consisted of 400 units that were 50% completed. What would be the equival direct materlals cost using the welghted average method?

Brody Corp. uses a process costing system in which direct materials are added at the beginrll uniformly throughout the process. Beglnning inventory for January consisted of 1,250 units that were 75% complet the process during January. On January 31, the inventory consisted of 400 units that were 50% completed. What would be the equival direct materlals cost using the welghted average method?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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