If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and units completed in current period are 4000, then ending work in process equivalent units will be ___________?
Correct answer: B. 2300 units
- A. 1800 units
- B. 2300 units
- C. 10300 units
- D. 1500 units
Explanation
Under the equivalent-unit flow equation, beginning WIP plus current-period work equals completed units plus ending WIP. Thus, ending WIP equals 2,500 + 3,800 - 4,000 = 2,300 units.
Report an error
The more specific you are, the faster it gets fixed. A source beats an opinion.
Prefer email? support@testustad.com
About Cost Accounting
Cost accounting measures and analyses the cost of producing goods or providing services for planning, control and pricing decisions. It covers direct and indirect costs, fixed and variable costs, job and process costing, break-even analysis, marginal costing, overhead allocation, and the difference between product cost and period cost.
Practise Cost Accounting
941 free Cost Accounting MCQs from Accounting, each with the correct answer and an explanation. Unlimited attempts, no account needed.
Exams that ask Accounting questions like this
Accounting is on 2 papers prepared for on TestUstad, and all of them draw the same bank, so this question is worth knowing for every one of them.
More Cost Accounting questions
The costs that are incurred in last department, where the product has been processed and will be carried to next department for further processing are called __________?
The fifth step in process costing system is to ___________?
The forth step in process costing system is to __________?
If the beginning work in process equivalent units are 2500 units, work done in current period equivalent units are 3800 units and ending work in process equivalent units are 5000, then complete equivalent units in current period are _____________?
The cost of previous department is a part of ____________?
The total costs incur in a production process, is divided by total number of output units, to calculate the ____________?