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Discuss the weighted-average unit cost inventory

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Smith Manufacturing uses a process cost system to manufacture laptop computers. The following information summarizes operations relating to laptop computer model #KJK20 during the quarter ending March 31:

                                                                                         Units                   Direct Labor
Work-in-process inventory, January 1                                   100                      $50,000
Started during the quarter                                                    500
Completed during the quarter                                               400
Work-in-process inventory, March 31                                     200
Costs added during the quarter                                                                        $720,000

Beginning work-in-process inventory was 50% complete for direct labor costs. Ending work-in-process inventory was 75% complete for direct labor costs.

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What is the equivalent unit of production using the weighted-average unit cost inventory valuation method?

Reference no: EM131810341

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