Macey Ltd Uses a Weighted-Average Process Costing System

Macey Ltd uses a weighted-average process costing system. Beginning inventory consists of 6,000 units, 40% complete. Units started are 14,000, completed are 10,000, and ending inventories are 9,000 units, 70% complete. Normal spoilage is 5% of the units inspected. Direct material is added at the 75% point and spoilage inspection occurs at the 80% point. The cost per equivalent unit for materials was $1.00 and $3.00 for conversion costs. The number of equivalent units of material was

A) 20,000
B) 18,000
C) 18,200
D) 11,000

Correct Answer:

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