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Medina Corp. uses the weighted average method for inventory costs and had the following information available for the year. Equivalent units of production for the
Medina Corp. uses the weighted average method for inventory costs and had the following information available for the year. Equivalent units of production for the year are: |
Beginning inventory of goods in process (30% complete, $1,300) | 220 units |
Ending inventory of goods in process (70% complete) | 420 units |
Total units started during the year | 3,400 units |
3,428 units. | |
3,694 units. | |
4,040 units. | |
3,494 units. | |
3,400 units. |
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