Reference: 16_03
Medina Corp -If the Weighted-Average Inventory Method Were Used,the Equivalent Units for the Year

Multiple Choice

Reference: 16_03
Medina Corp. had the following information available for the year:
$\begin{array}{llr} \text { Beginning inventory of goods in process ( \( 40 \% \) complete,} &200 \text { unit}\\ \$ 1,100) \\ \text {Ending inventory of goods in process (80\% complete) } &400 \text { unit}\\ \text { Total units started during the year} &3,200 \text { unit}\end{array}$

-If the weighted-average inventory method were used,the equivalent units for the year would be:

A) 3,320
B) 3,200
C) 3,240
D) 3,520
E) 3,230