Equivalent Units of Production - Weighted Method
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Rockwall Tile Inc uses the weighted average method for process costing: equivalent units, cost per unit, transferred out, ending WIP
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Rockwall Tile Inc
Department Percent Complete
Units Materials Conversion
Work in process, January 1 100 70% 40%
Units started in production during January 23,000
Units completed in January and transferred out 22,900 100%* 100%*
Work in Process, January ...
Solution Summary
The solution uses the weighted average method for process costing to compute equivalent units, cost per unit, transferred out, ending Work in Progress.
$2.49