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    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

    © BrainMass Inc. brainmass.com March 4, 2021, 11:48 pm ad1c9bdddf
    https://brainmass.com/business/weighted-average-cost-of-capital/equivalent-units-production-weighted-method-455370

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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

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