A company adds material at the start of production. The following production information is available for October:
|Beginning Work in Process Inventory (45% complete to conversion)||24,000 units|
|Started this period||120,000 units|
|Ending Work in Process Inventory (60% complete to conversion cost)||18,200 units|
|Beginning Work in Process Inventory|
|Current Period Costs:|
What are the equivalent units for material & conversion using the weighted average method?
Equivalent Units of Production (EUP)
Equivalent Units of Production (EUP) is the number of units wherein total costs such as materials and labor incurred must be applied or allocated based on the percentage of completion.
Answer and Explanation: 1
Equivalent units of production (EUP) for material & conversion using the weighted average method is computed as follows:
|Beginning Work in...|
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fromChapter 6 / Lesson 2
Learn about equivalent units of production in economics and business with examples. Discover how equivalent units are calculated and analyzed by economists.