Victor Brothers manufactures livestock feed pellets. The following information is available about one of their organic pellets for last period:
Beginning inventory: 42,000 pellets
Started during period: 590,000 pellets
Ending inventory: 50,000 pellets
Materials and conversion costs are added evenly during the period. Beginning units are 20% complete and ending units are 10% complete. If they use weighted average method, what is the equivalent units for material costs last period?© BrainMass Inc. brainmass.com October 10, 2019, 8:17 am ad1c9bdddf
The solution is in Excel. Click in the cells to see how the amounts were figured out. This can be used as a template for others problems you have on equivalent units and process costing.