Weighted-average unit cost inventory valuation method

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

Reference no: EM13827373

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