Question

Zee adds direct materials when the process is 70% complete. If Zee had 500 units, 60%...

Zee adds direct materials when the process is 70% complete. If Zee had 500 units, 60% completed, in process at the beginning of the period, 6,000 units were completed and transferred during the period, and 600 units were 30% completed at the end of the period, what was the number of equivalent units of Direct Material for the period using FIFO?

Select one:

a. 6,180

b. 6,500

c. 6,680

d. 6,000

Business   Accounting   
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Homework Answers

Answer #1

The correct answer is D) 6000

Calculation

Equivalent units for direct material

= (beginning inventory *100 %) + (units started and completed *100 %) + ( units in ending inventory *0%)

= (500*100%) + ((6000-500)*100%) + (600*0%)

= 500 +5500

= 6000 Units

Note

as ending inventory in 30 % completed so no direct material has been added to it as it completed less than 70 % at which direct material is added. Thats why also the beginning inventory has been also completed in respect to direct material 100 % during the period.

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