Activities in the Sargent Corporation's Assembly Department for the month of March follow:
Percent Complete |
||||||
Units | Materials | Conversion | ||||
Work-in-process inventory, March 1 | 7,000 | 70 | % | 35 | % | |
Started into production during March | 66,000 | |||||
Work-in-process inventory, March 31 | 5,000 | 45 | % | 30 | % | |
Using the weighted-average method, the equivalent units for conversion for March would be:
calculate equivalent units of production under weighted average method for conversion
Particular | conversion |
Unit's completed and transferred to next department (note below)620000 |
(62000×100%) 62000 |
Ending inventory(5000,units) |
(5000×30%) 1500 |
Total equivalent units | 63500 |
Note: units completed and transferred to next department =beginning inventory+units started during the period - ending inventory
=7000+60000-5000 =62000
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