Question

For each of the following situations, use the weighted average method to determine the equivalent units...

For each of the following situations, use the weighted average method to determine the equivalent units of production for labor and overhead, assuming that they are continuously at the same percentage of completion:
a.

Beginning WIP Inventory (40% complete) 10,000
Units started in production 350,000
Units transferred out 344,000
Ending WIP Inventory (70% complete) 16,000
EU of production

b.

Beginning WIP Inventory (30% complete) 40,000
Units started in production 480,000
Units transferred out ?
Ending WIP Inventory (80% complete) 26,000
EU of production

c.

Beginning WIP Inventory (55% complete) 15,000
Units started in production 405,000
Units transferred out 415,800
Ending WIP Inventory (90% complete) ?
EU of production

d.

Beginning WIP Inventory (35% complete) 10,800
Units started in production ?
Units transferred out 351,600
Ending WIP Inventory (45% complete) 18,300
EU of production
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Answer #1
units % CC-EUP
a) Equivalent units
units transferred out 344,000 100% 344,000
Ending WIP inventory 16,000 70% 11200
Equivalent units 360,000 355,200
Answer 355,200
units % CC-EUP
b) Equivalent units
units transferred out 494,000 100% 494,000
Ending WIP inventory 26,000 80% 20800
Equivalent units 520,000 514,800
Answer 514,800
units % CC-EUP
c) Equivalent units
units transferred out 415,800 100% 415,800
Ending WIP inventory 4,200 90% 3780
Equivalent units 420,000 419,580
Answer 419,580
units % CC-EUP
d) Equivalent units
units transferred out 351,600 100% 351,600
Ending WIP inventory 18,300 45% 8235
Equivalent units 369,900 359,835
Answer 359,835
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