Homework Answers
Solution
| Material | Conversion | |
| Equivalent Units of Production | 26,300 | 24,740 |
Working
| Statement of Equivalent Units(Weighted average) | |||||||
| Material | Conversion cost | ||||||
| Units | Complete % | Equivalent units | Complete % | Equivalent units | |||
| Transferred out | 20,300 | 100% | 20,300 | 100% | 20,300 | ||
| Ending WIP | 6,000 | 100% | 6,000 | 74% | 4,440 | ||
| Total | 26,300 | Total | 26,300 | Total | 24,740 | ||
The percentage completed in beginning are ignored in weighted average method.
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