Colt Company uses a weighted-average process cost system to account for the cost of producing a chemical compound. As part of production, Material B is added when goods are 80% complete. Beginning work- in-process inventory for the current month was 20,000 units, 90% complete. During the month, 70,000 units were started in process, and 65,000 units were completed. There were no lost or spoiled units. If the ending inventory was 60% complete, the total equivalent units for Material B for the month were: Select one: O O O a. 65,000 units b. 90,000 units c. 85,000 units d. 70,000 units

Colt Company uses a weighted-average process cost system to account for the cost of producing a chemical compound. As part of production, Material B is added when goods are 80% complete. Beginning work- in-process inventory for the current month was 20,000 units, 90% complete. During the month, 70,000 units were started in process, and 65,000 units were completed. There were no lost or spoiled units. If the ending inventory was 60% complete, the total equivalent units for Material B for the month were: Select one: O O O a. 65,000 units b. 90,000 units c. 85,000 units d. 70,000 units

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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