Question: Assume that Concrete Creations uses the weighted-average method for cost allocation. Determine the equivalent units of production for the Forming Department for the month of May.
Concrete Creations manufactures concrete bird baths that are sold through retail outlets nationwide. The bird baths are made in a two-stage process. In the Forming Department, the concrete is poured into silicone molds where it is allowed to cure and set. Once set, the birdbaths are removed from the mold and sent to the Finishing Department where any imperfections are removed and the birdbaths are sprayed with a special sealant.
Information for the Forming Department for the month of May is provided below.
Homework Answers
In weighted average method, all the costs are taken on the basis of average including equivalent units computation.
|
Units |
Material completed |
Equivalent |
Conversion % |
Equivalent |
|
|
Units transferred to finished goods |
80000 |
100% |
80000 |
100% |
80000 |
|
Ending work in process |
20000 |
100% |
20000 |
40% |
8000 |
|
Total equivalent units of production |
100000 |
88000 |
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Question: Assume that Concrete Creations uses the
weighted-average method for cost allocation. Determine the
equivalent units...
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