Question

Required information Use the following information for the Exercises below. The following information applies to the questions displayed below.) A production department in a process manufacturing system completed its work on 92,000 units of produ tand transferred them to the next department during a recent period. Of these units, 27,600 were in process at je beginning of the period. The other 64,400 units were started and completed during the period. At period-end, 16,600 uits were in process Exercise 03-4 Weighted average: Computing equivalent units LO C2 Prepare the production department's equivalent units of production for direct materials under each of three separate assumptions using the weighted average method for process costing. Equivalent Units of Production (EUP) --Weighted Average Method 1. All direct materials are added to products when processing begins Units % Materials EUPMaterials Total

Answer 1

1) Equivalent unit

	Units	% materials	EUP-Materials
Unit transferred out	92000	100%	92000
Ending WIP	16600	100%	16600
Total	108600		108600

2) Equivalent unit

	Units	% materials	EUP-Materials
Unit transferred out	92000	100%	92000
Ending WIP	16600	80%	13280
Total	108600		105280

3) Equivalent unit

	Units	% materials	EUP-Materials
Unit transferred out	92000	100%	92000
Ending WIP	16600	30%	4980
Total	108600		96980