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Question 18 The Bonita Company began the period with no units in process and in Finished...

Question 18

The Bonita Company began the period with no units in process and in Finished Goods inventory. During the period they began 96000 units and completed 84000 units. If equivalent units for the period totalled 90900, then the units in process were what percent complete? (rounded)

A) 57.50

B) 87.50

C) 92.41

D) 13.20

Business   Accounting   
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Answer #1

Number of units started = 96,000

Number of units Completed = 84,000

Number of equivalent units = 90,900

Number of units in process = Number of units started - Number of units Completed

= 96,000 - 84,000

= 12,000

Equivalent units from work in process = Number of equivalent units - Number of units Completed

= 90,900 - 84,000

= 6,900

Percentage of units in process that were completed = Equivalent units from work in process/Number of units in process

= 6,900/12,000

= 57.5

Correct option is (A)

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