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Calculation of Ending work in process by Weighted Average method
EQUIVALENT UNITS OF PRODUCTION UNDER WEIGHTED AVERAGE
| Direct material % | Conversion costs % | |
| Completed units | 20000 *100%=20000 | 20000*100%=20000 |
| Ending WIP | 4000*50%=2000 | 4000*50%=2000 |
| EUP | 22000 | 22000 |
Weighted average cost per unit
| Direct material | Conversion costs | |
| Opening WIP | 12000 | 8000 |
| Costs added | 36000 | 52000 |
| Total costs A | 48000 | 60000 |
| EUP B | 22000 | 22000 |
| Weighted avg cost per unit A÷B | 2.18 | 2.73 |
ENDING WORK IN PROCESS COST
| Direct material | 2000*2.18=4360 |
| Conversion costs | 2000*2.73=5460 |
| Total ending WIP | 9820 |
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