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- Subject
- Process Costingaccounting-mcqs › cost-accounting-mcqs › process-costing
- Published
- 11 May 2023
- Last updated
- 28 May 2026
Given that the beginning work in process equivalent units are 2,500, the equivalent units added during the current period are 3,800, and the ending work in process equivalent units are 5,000, what is the number of completed equivalent units for the current period?
Multiple choice question for Process Costing. Select an option, then review the explanation below.
Explanation
To find the completed equivalent units for the current period, subtract the ending work in process units from the sum of beginning work in process and units added during the period: (2,500 + 3,800) - 5,000 = 1,300 units.
More Process Costing MCQs
Practice related questions from the same subject.
- 1.What is calculated by dividing the total cost associated with work in process inventory by the total number of units completed?
- 2.Which costing method categorizes costs based on the stages of production as expenses occur during the process?
- 3.What is the third stage in the process costing method?
- 4.Given that the cost assigned to work-in-process inventory is $350,000 and the total equivalent units completed so far amount to 3,500, what is the weighted average cost per unit?
- 5.Given that the total production cost is $30,000 and the output quantity is 5,000 units, what is the cost per unit?