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Weighted Average Method, Equivalent Units Goforth Company produces a product where all manufacturing inputs are applied...

Weighted Average Method, Equivalent Units

Goforth Company produces a product where all manufacturing inputs are applied uniformly. Goforth produced the following physical flow schedule for April:

Units to account for:
Units in BWIP (40% complete) 300,000
Units started 660,000
   Total units to account for 960,000

Units accounted for:
Units completed:
From BWIP 300,000
Started and completed 448,800
748,800
Units, EWIP (80% complete) 211,200
Total units accounted for 960,000

Required:

Prepare a schedule of equivalent units using the weighted average method.

Goforth Company
Schedule of equivalent units
(Weighted Average Method)
Units completed
Units in ending work in process x fraction complete:
Equivalent units of output

Solutions

Expert Solution

Solution

Goforth Company
Schedule of equivalent units
(Weighted Average Method)
Units completed 748800
Units in ending work in process x fraction complete: 211200 x 80% 168960
Equivalent units of output 917760

Working

Statement of Equivalent Units(Weighted average)
Whole Units Complete % Equivalent units
Transferred                  748,800 100%           748,800.0
Closing WIP                  211,200 80%           168,960.0
Total                  960,000 Total           917,760.0

ekkarill92 answered 1 year ago
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