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Computation of Equivalent Units: Weighted Average Method

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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 ? ?

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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.

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