Asked by Dhabole Sharavanin on May 28, 2024
Verified
Zibba Company enters materials at the beginning of the process. In January there was no beginning work in process but there were 200 units in the ending work in process inventory. The number of units completed equals the number of
A) units started.
B) units started less 200.
C) units started plus 200.
D) equivalent units.
Ending Work in Process
The value of goods that are in the process of being manufactured but are not yet complete at the end of an accounting period.
Materials
Refers to the raw inputs, supplies, or components used in the manufacturing or production process to create finished goods.
- Absorb the principles behind the accounting of physical units in process cost systems.
Verified Answer
MB
Miles BridgettMay 29, 2024
Final Answer :
B
Explanation :
Since materials are entered at the beginning of the process, all units, including those in the ending work in process inventory, would have materials. Therefore, the number of units completed would be the number of units started minus the 200 units still in process at the end of the period.
Learning Objectives
- Absorb the principles behind the accounting of physical units in process cost systems.
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