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In: Accounting

A production departments output for the most recent month consisted of 9100 units completed and transferred...

A production departments output for the most recent month consisted of 9100 units completed and transferred to the next stage of production and 6100 units in ending work in process inventory. The units in ending work in process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
1) 7600 units
2) 10650 units
3) 15200 units
4) 6050 units
5) 12150 units

Solutions

Expert Solution

Answer:  

Calculation of Equivalent units of production for the month using weighted average method :
Particular Material Coversion Cost
Unit compeleted and transferred     9,100.00                 9,100.00
(9100 Unit X 100% Complete)
Units in Ending WIP
Direct Material (6100 Unit X 50% Complete)     3,050.00
Conversion Cost (6100 Unit X 50% Complete)                 3,050.00
Total Equivalent Units 12,150.00               12,150.00
Total equivalent units for each cost element (materials, conversion cost) is calculated as:

Equivalent units = Units completed + (Units in ending inventory X percent complete)

Since equivalent units of production for the month the month is 12150 units, hence option 5 for 12150 units is correct option.

ekkarill92 answered 1 year ago
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