using the weighted average method the equivalent units for direct materials for nove 635063
Levitt Company uses a process costing system. All direct materials are added at the beginning of the process. Levitt”s production quantity schedule for November is reproduced below.
|
|
Units |
|
Work-in-process on November 1 (conversion 60% complete) |
1,000 |
|
Units started during November |
5,000 |
|
Total units to account for |
6,000 |
|
Units completed and transferred out from beginning inventory |
1,000 |
|
Units started and completed during November |
3,000 |
|
Work-in-process on November 30 (conversion 20% complete) |
2,000 |
|
Total units accounted for |
6,000 |
Using the weighted-average method, the equivalent units for direct materials for November are:
A) 3,400 units
B) 4,400 units
C) 5,000 units
D) 6,000 units