A Department Had 600 Units Which Were 40% Complete in Beginning

question 141

Multiple Choice

A department had 600 units which were 40% complete in beginning Goods in Process Inventory.During the current period,7,000 units were transferred out.Ending Goods in Process Inventory was 800 units which were 40% complete.Using the weighted-average method,what are the equivalent units produced if all direct material and direct labor are added uniformly throughout the process?

• A) 7,080
• B) 6,960
• C) 7,320
• D) 7,680
• E) 7,800

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Definitions:

Asset

Assets possessed by a corporation that hold financial worth and can yield advantages in the future.

Receiving Report

A document prepared by the receiving department to record and confirm the delivery of goods from a supplier.

Condition of Goods

The physical state or quality of items or products being sold, traded, or transported.

Quantity Received

The total number of units of a product or goods received from a supplier.