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Equivalent Units Calculations - Weighted Average Method The following are selected operating data for Jackson Company's...

Equivalent Units Calculations - Weighted Average Method

The following are selected operating data for Jackson Company's Blending Department for April 2019. Tinting and packaging operations are carried out subsequently in other departments.

Beginning inventory 4,000 units, 60% complete
Started and completed 68,000 units
Ending inventory 6,000 units, 30% complete

Calculate the equivalent units completed using the weighted average method, assuming that the materials are added at the beginning of the process and conversion costs are incurred evenly throughout.

Jackson Company
Flow of Units and Equivalent Units Calculation, April 2019
Equivalents Units
Where do the units come from? Where do the units go? % Work
Done?
Direct
Materials
% Work
Done?
Conversion
Costs
Beginning Inventory Answer Completed/Transferred Answer Answer Answer Answer Answer
Started

Answer

Ending Inventory

Answer

Answer Answer Answer Answer
Total Answer Total Answer Answer Answer
0 1
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Answer #1

Calculate the equivalent units completed using the weighted average method, assuming that the materials are added at the beginning of the process and conversion costs are incurred evenly throughout.

Jackson Company
Flow of Units and Equivalent Units Calculation, April 2019
Equivalents Units
Where do the units come from? Where do the units go? % Work
Done?
Direct
Materials
% Work
Done?
Conversion
Costs
Beginning Inventory 4000 Completed/Transferred 72000 100% 72000 100% 72000
Started 74000 Ending Inventory 6000 100% 6000 30% 1800
Total 78000 Total 78000 78000 73800
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