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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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    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.

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