Homework Answers
Solution
| Equivalent units | |
| Material | 2,645,000 |
| Conversion | 2,579,750 |
Working
| Reconciliation of Units | ||
| A | Opening WIP | 18,40,000 |
| B | Introduced | 8,05,000 |
| C=A+B | TOTAL | 26,45,000 |
| D | Transferred | 23,84,000 |
| E=C-D | Closing WIP | 2,61,000 |
..
| Statement of Equivalent Units(Weighted average) | |||||||
| Material | Conversion cost | ||||||
| Units | Complete % | Equivalent units | Complete % | Equivalent units | |||
| Transferred | 23,84,000 | 100% | 23,84,000 | 100% | 23,84,000 | ||
| Closing WIP | 2,61,000 | 100% | 2,61,000 | 75% | 1,95,750 | ||
| Total | 26,45,000 | Total | 26,45,000 | Total | 25,79,750 | ||
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