Answer:
1700 units
Explanation:
The movement in the work in process account is due to units transferred in and out of the work in process.
This relationship between the opening and ending balances is as shown in the equation below;
starting balance + units transferred in - units transferred out = ending inventory
As such
0 + 2000 - units transferred out = 300
Unit transferred out = 2000 - 300
= 1700
Answer:
1700 units
Explanation:
Opening or beginning inventory of work in progress (WIP) is 0, and 2,000 units are started during the period, closing or ending inventory is 300.
Then;
Beginning inventory in WIP= 0
Units started =2000
Completed and transferred out = ?(unknown)
Ending inventory= 300
Completed and Transfer (C&T) = beginning inventory of work in progress + unit started - ending inventory
C&T = 0 + 2000 - 300
C&T = 1700
