The following data are available for a company's manufacturing activities: Beginning goods...
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Accounting
The following data are available for a company's manufacturing activities:
Beginning goods in process inventory
20,000 units, 2/4 of the labor added this period
Units started and completed
30,000
Ending goods in process inventory
21,000 units, 1/2 of the labor added this period
Assume the company uses the Weighted Average inventory method. If materials are added when the production process begins and direct labor is applied uniformly throughout the process, what are the equivalent units for direct materials and for direct labor, respectively?
71,000; 60,500
56,750; 56,750
51,000; 60,500
71,000; 56,750
51,000; 56,750
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