Homework Answers
Solution :
| Material | Conversion Costs | |
| Equivalent Units | 26,500 | 25,198 |
Working :
Equivalent Units as per Wighted Average Method = Units Completed + (Closing WIP units * % of Completion)
EOU for Material = 20,300 + (6,200 * 100%)
= 20,300 + 6,200
= 26,500 Units
EOU for Conversion = 20,300 + (6,200 * 79%)
= 20,300 + 4,898
= 25,198 Units
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