Question

In: Accounting

In a process with 900 units of beginning Work in Process, the company completed and transferred...

In a process with 900 units of beginning Work in Process, the company completed and transferred out 10200 units during a period.

There were 4600 units in the ending Work in Process that were 50% complete as to conversion costs.

Materials are added 75% at the beginning of the process and 15% when the units are 85% complete.

How much is equivalent units of production for the period for material costs if the weighted-average method is used?

Solutions

Expert Solution

Units (a) % (b) Materials (a*b) % (c ) Conversion (a*c)
Units completed and transferred 10,200 100% 10,200 100% 10,200
Ending work in process inventory 4,600 100% 4,600 50% 2,300
Equivalent Units 14,800 12,500
Therefore, the equivalent units with respect to materials are 14,800 units.

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