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JYD Corporation uses the process costing system. The following data are available from the books of Department 2. The quality control inspection takes place when the units are 75% completed and materials are added at the start of the process.
Units
Work in process, beg. (40% completed) 10,000
Units received 40,000
Units completed and transferred 40,000
Work in process end ( 60% completed) ?
Normal lost 2,000
Abnormal lost 3,000
Problem 1: Using weighted average method, the EUP for materials is:
Option 1: 50,000
Option 2: 60,000
Option 3: 40,000
Option 4: 58,000
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