Homework Answers
Solution
| Material | Conversion | |
| Equivalent Units of Production | 62,000 | 42,800 |
Working
| Statement of Equivalent Units(Weighted average) | |||||||
| Material | Conversion cost | ||||||
| Units | Complete % | Equivalent units | Complete % | Equivalent units | |||
| Transferred | 38,000 | 100% | 38,000 | 100% | 38,000 | ||
| Closing WIP | 24,000 | 100% | 24,000 | 20% | 4,800 | ||
| Total | 62,000 | Total | 62,000 | Total | 42,800 | ||
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