Calculate the equivalent units of production for the year:

A) 3,200 units.
B) 3,320 units.
C) 3,240 units.
D) 3,520 units.
E) 3,800 units.

Weighted Average Method

An inventory valuation method that calculates the cost of goods sold and ending inventory based on the average cost of all similar items in inventory.

Equivalent Units

A concept in process costing that converts partially completed units into a number of fully completed units for the purposes of accounting.

Inventory Costs

Expenses associated with acquiring, storing, and managing goods that a company intends to sell.