Homework Answers
Under the weighted average method, equivalent units are calculated based on 2 things: units completed and transferred out and units in ending work in process inventory.
Units completed and transferred out = 2,600
Units in ending work in process inventory = 600
Percentage complete = 40%
Equivalent units of conversion costs = units completed and transferred out + units in ending work in process inventory x Percentage complete
= 2,600 + 600 x 40%
= 2,600 + 240
= 2,840 units
Second option is correct
Kindly comment if you need further assistance. Thanks
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please answer in yellow box and enter Excel formulas.
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1)
2)
3)
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