Question

5.

Equivalent Units of Production: Weighted average method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows: Drawing Department Winding Department Work in process, July 1 900 units, 70% completed 300 units, 35% completed Completed and transferred to next 14,250 units 14,050 units processing department during July Work in process, July 31 700 units, 65% completed 500 units, 20% completed Each department uses the Weighted average method. For each department, assume that direct materials are placed in process during production a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department. Whole units units Equivalent units of production units b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department. Whole units units Equivalent units of production units

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Answer 1

Solution :
a. Equivalent units of production for the Drawing Department
S.no	Particulars	Calculation	Amout
1	Whole Units	(14250+700)	$14,950
2	Equivalent units of production	(14250+700*65%)	$14,705
b. Equivalent units of production for the Winding Department
S.no	Particulars	Calculation	Amout
1	Whole Units	(14050+500)	$14,550
2	Equivalent units of production	(14050+500*20%)	$14,150