Explore BrainMass
Share

Computation of Equivalent Units: Weighted Average Method

This content was STOLEN from BrainMass.com - View the original, and get the already-completed solution here!

Percent Completed
Units Materials Conversion
Work in process, October 1 46,000 85% 55%
Work in process, October 31 31,000 69% 53%

The department started 397,000 units into production during the month and transferred 412,000 completed units to the next department.

Required:

Compute the equivalent units of production for October assuming that the company uses the weighted-average method of accounting for units and costs.

Materials Conversion
Equivalent units of production ? ?

© BrainMass Inc. brainmass.com October 17, 2018, 2:19 am ad1c9bdddf
https://brainmass.com/business/weighted-average-cost-of-capital/computation-equivalent-units-weighted-average-method-374372

Solution Preview

In the weighted average method

Equivalent units = Units ...

Solution Summary

Solution provides steps necessary to compute equivalent units using the weighted average method.

$2.19
Similar Posting

Computing Equivalent Units: Weighted Average Method

Clonex Labs, Inc. uses a process costing system. The following data are available for one department for October:
Percent Completed
Units Material Conversion
Work in Process, October 1 30,000 65% 30%
Work in Process, October 31 15,000 80% 40%

The department started 175,000 units production during the month and transferred 190,000 completed units to the next department.

Compute the equivalent units of production for October assuming that the company uses the weighted-average method of accounting for units and costs.

Can you help me get started with this assignment?

View Full Posting Details