In: Accounting
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?
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. |