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In addition, Muscat Cement Factory had the following production data for 3 months: WIP (End) Units % Complete WIP (Beg.) Units Transferred Out Month January February March 45,000 30,000 20,000 7,000 16,000 10,000 45% 1,200 2,000 1,500 30 65 The equivalent units of production for materials for January is: Select one: O a. 53,200 O b. None of the answers are correct O C.45,000 O d. 46,200 O e. 52,000

In addition, Muscat Cement Factory had the following production data for 3 months: WIP (End) Units % Complete WIP (Beg.) Units Transferred Out Month January February March 45,000 30,000 20,000 7,000 16,000 10,000 45% 1,200 2,000 1,500 30 65 The equivalent units of production for materials for January is: Select one: O a. 53,200 O b. None of the answers are correct O C.45,000 O d. 46,200 O e. 52,000

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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In addition, Muscat Cement Factory had the following production data for 3 months: WIP (End) Units % Complete WIP (Beg.) Units Transferred Out Month January February March 45,000 30,000 20,000 7,000 16,000 10,000 45% 1,200 2,000 1,500 30 65 The equivalent units of production for materials for January is: Select one: O a. 53,200 O b. None of the answers are correct O C.45,000 O d. 46,200 O e. 52,000
Transcribed Image Text:In addition, Muscat Cement Factory had the following production data for 3 months: WIP (End) Units % Complete WIP (Beg.) Units Transferred Out Month January February March 45,000 30,000 20,000 7,000 16,000 10,000 45% 1,200 2,000 1,500 30 65 The equivalent units of production for materials for January is: Select one: O a. 53,200 O b. None of the answers are correct O C.45,000 O d. 46,200 O e. 52,000
Expert Solution
Concept - introduction

An equivalent unit of production is a formulation of work done by the manufactures on units of output that are partially completed at the end of accounting process.

In order to calculate the number of equivalent unit produced in the period of January month we have to follow the following formula

Accounting homework question answer, step 1, image 1 

In the case when we are given Ending Work-in-process inventory in the problem so the Work-in-process goods which have complete up to some percent treat as Equivalent units.

To determine - Equivalent unit for january

Accounting homework question answer, step 2, image 1

The equivalent unit for january month is 48,150 units.

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