Question

A Company had no beginning work in process. During the period, 5,000 units
were completed, 200 units were loss and there were 500 units of ending work in
process. How many units were started in production?
5400
O 5600
5500
0
5700​

Answer 1

Answer:

The correct option is 5500 units.

Explanation:

Given: A Company had no beginning work in process. During the period, 5,000 units were completed, 200 units were loss and there were 500 units of ending work in process.

• The completed units = 5000
• Units of ending work in process = 500

To find: How many units were started in production?

Calculations:

According to the weighted average method, the formula used will be -

Total units = Units completed and transferred out + equivalent units of ending work in process

Substituting the values

$= 5000 + 500= 5500$

Therefore, 5500 units were started in production.

Cost of production: The overall cost incurred by a business to manufacture a product or provide services is referred to as the cost of production. Supplies and raw materials consumed during production, as well as labour costs, are often included in production costs.

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