A company's beginning work in process inventory consisted of 20,000 units .?

Question

A company's beginning work in process inventory consisted of 20,000 units . These beginning units were completed and another 90,000 units were started during the current period. Of those started, 60,000 were finished and the remaining 30,000 were 1/3 complete at the end of the period. The equivalent units of production were:

Answer 1

What method? weighted average or FIFO?

First reconcile the physical situation. Beg = 20k, started into production in current period = 90k, that means total input to be reconciled = 110k. End bal = 30k, so transfer into FG warehouse would be 110k-30k or 80k.

With weighted average, UE = 80k + % finish of end bal = 80k + (30k x 1/3) = 90k