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    Victor Brothers: Process Costing Equivalent Units Weighted Average Method

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    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
    https://brainmass.com/business/management-accounting/617829

    Solution Summary

    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.

    $2.19