A company's beginning Work in Process inventory consisted of 29,000 units that were 20% complete with respect to direct labor. These beginning units were completed and another 104,400 units were started during the current period. Of those started, 69,000 were finished and the remaining 35,400 were 40% complete at the end of the period. Using the weighted-average method, the equivalent units of production with regard to direct labor were:

Explanation:

Equivalent Units of Productions = (Beginning Work in Process + Units completed and transfereed + Ending Work in Process)

Opening Inventory29,000

Finished This Month69,000

40% Complele Units14,160

Equivalent Units of Productions112,160

116,120 units

Explanation:

This can be calculated as follows:

Equivalent unit = Beginning units completed + Started & completed units during the period + (Ending unit × 40%)

                          = 29,000 + 69,000 + (35,400 × 40%)

                          = 98,000 + 14,160

Equivalent unit = 116,120 units

Note that the 40% refers to the weight of completion of the uncompleted units remaining at end of the period.

Therefore, the equivalent units of production were 116,120 units if the Weighted Average method used.