Homework Answers
Correct Answer:
|
Statement of Equivalent Units(Weighted average) |
|||||
|
Units |
% Conversion |
Equivalent units |
|||
|
Transferred |
340,000 |
100% |
340,000.0 |
||
|
Closing WIP |
120,000 |
25% |
30,000.0 |
||
|
Total |
460,000 |
Total |
370,000.0 |
||
Working:
|
Reconciliation of Units |
||
|
A |
Opening WIP |
150,000 |
|
B |
Introduced |
310,000 |
|
C=A+B |
TOTAL |
460,000 |
|
D |
Transferred |
340,000 |
|
E=C-D |
Closing WIP |
120,000 |
End of answer.
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