Calculate the equivalent units of material

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Question - Richards Corporation uses the weighted-average method of process costing. The following information is available for October in its Fabricating Department:

Units:

Beginning Inventory: 80,000 units, 60% completed as to materials and 20% completed as to conversion.

Units started and completed: 250,000.

Units completed and transferred out: 330,000.

Ending Inventory: 30,000 units, 40% complete as to materials and 10% complete as to conversion.

Costs:

Costs in beginning Work in Process - Direct Materials: $37,200.

Costs in beginning Work in Process - Conversion: $79,700.

Costs incurred in October - Direct Materials: $646,800.

Costs incurred in October - Conversion: $919,300.

Calculate the equivalent units of material

a: 342,000

b: 294,000

c: 333,000

d: 250,000

e: 317,000

Reference no: EM132600548

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