Principles of Accounting Volume 2
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ISBN: 9781947172609
Author: OpenStax
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Transcribed Image Text:Landers company which uses the weighted average process
system has the following information.
Units in work-in-process, beginning inventory (100%
materials, 25% conversion) - 10,000
Units started during May - 120,000
Units completed and transferred out - 100,000
Units in work-in-process, ending inventory (100% materials,
30% conversion) - 30,000
Equivalent units for materials are
A) 120.000.
B) 130,000.
C) 109,000.
D) 106,000.
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