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The following data are available for a company's manufacturing activities:

Beginning goods in process inventory	5,000units, 1/4 of the labor added this period
Units started and completed	15,000
Ending goods in process inventory	6,000 units, 1/2 of the labor added this period

Assume the company uses the Weighted Average inventory method. If materials are added when the production process begins and direct labor is applied uniformly throughout the process, what are the equivalent units for direct materials and for direct labor, respectively?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9956587

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