A company had beginning work in process inventory of 10,000 units (50% complete for conversion...
Question:
A company had beginning work in process inventory of 10,000 units (50% complete for conversion costs). All materials are added at the beginning of the process. The company completed 150,000 units and the ending work in process consisted of 20,000 units (45% complete for conversion).
Calculate the TOTAL equivalent units for direct materials and conversion costs using the weighted average method.
Equivalent Units:
We use equivalent units to compute the production cost in industries with a continuous manufacturing process. The equivalent unit is the weighted average of units completed and in-process with their completion percentage.
Answer and Explanation: 1
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View this answerComputation of equivalent units for materials
| Units | % of completion | Product | |
|---|---|---|---|
| Beginning work-in-process... |
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