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 Summary
Solution provides steps necessary to compute equivalent units using the weighted average method.
Solution Preview
In the weighted average method
Equivalent units = Units ...
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