Kerner Manufacturing uses a process cost system to manufacture laptop computers. The following information summarizes operations relating to laptop computer model #KJK20 during the quarter ending March 31:
|
Units |
Direct Materials |
|
|
Work in process inventory, January 1 |
100 |
$70,000 |
|
Started during the quarter |
500 |
|
|
Completed during the quarter |
400 |
|
|
Work-in-process inventory, March 31 |
200 |
|
|
Costs added during the quarter |
$750,000 |
Beginning work in process inventory was 50% complete for direct materials. Ending work in process inventory was 75% complete for direct materials. What were the equivalent units of production with regard to materials for March?
- 450
- 500
- 550
- 600