Reference: 16_03
Medina Corp -If the Weighted-Average Inventory Method Were Used,the Equivalent Units for the Year

question 161

Multiple Choice

Reference: 16_03
Medina Corp. had the following information available for the year:
$\begin{array}{llr} \text { Beginning inventory of goods in process ( \( 40 \% \) complete,} &200 \text { unit}\\ \$ 1,100) \\ \text {Ending inventory of goods in process (80\% complete) } &400 \text { unit}\\ \text { Total units started during the year} &3,200 \text { unit}\end{array}$

-If the weighted-average inventory method were used,the equivalent units for the year would be:

• A) 3,320
• B) 3,200
• C) 3,240
• D) 3,520
• E) 3,230

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Definitions:

Bill of Material

An all-encompassing register of foundational materials, pieces, and recipes necessary for erecting, generating, or fixing a product or service.

Lead Time

The time interval from initiating a process to its completion, often critical in manufacturing, supply chain management, and project planning.

Final Assembly

The last step in the manufacturing process where components are put together to complete the finished product.

Planned Order Releases

Scheduled orders for goods and materials based on demand forecasts and inventory management strategies to streamline production and supply chain operations.