ZuoTi.Pro
Question

Weighted Average Method, Equivalent Units Goforth Company produces a product where all manufacturing inputs are applied unifoPrepare a schedule of equivalent units using the weighted average method. Goforth Company Schedule of equivalent units (Weigh

business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Answer-

GOFORTH COMPANY
SCHEDULE OF EQUIVALENT UNITS
(WEIGHTED AVERAGE METHOD)
PARTICULARS UNITS UNITS
Units Completed
BWIP 280000
Started & completed 313600 593600
Add- EWIP (Completed) (246400 units*50%) 123200
Equivalent units 716800
0 0
Add a comment
Know the answer?
Add Answer to:
Weighted Average Method, Equivalent Units Goforth Company produces a product where all manufacturing inputs are applied...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • Weighted Average Method, Equivalent Units - PLEASE SHOW WORK Goforth Company produces a product where all...

    Weighted Average Method, Equivalent Units - PLEASE SHOW WORK Goforth Company produces a product where all manufacturing inputs are applied uniformly. Goforth produced the following physical flow schedule for April: Units to account for: Units in BWIP (40% complete) 200,000 Units started 400,000    Total units to account for 600,000 Units accounted for: Units completed: From BWIP 200,000 Started and completed 280,000 480,000 Units, EWIP (75% complete) 120,000 Total units accounted for 600,000 Required: Prepare a schedule of equivalent units using...

  • Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments Fordman Company has a product that passes...

    Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was $40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Units to account for:...

  • Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments Fordman Company has a product that passes...

    Weighted Average Method, Equivalent Units, Unit Cost, Multiple Departments Fordman Company has a product that passes through two processes: Grinding and Polishing. During December, the Grinding Department transferred 20,000 units to the Polishing Department. The cost of the units transferred into the second department was $40,000. Direct materials are added uniformly in the second process. Units are measured the same way in both departments. The second department (Polishing) had the following physical flow schedule for December: Units to account for:...

  • Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes...

    Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 81,400 units, 30 percent complete with respect to conversion costs. Ending work in process had 12,100 units, 25 percent complete with respect to conversion costs. Started in process, 110,000 units. Required: 1....

  • Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes...

    Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Heap Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for September: All materials are added at the beginning of the process. Beginning work in process had 80,000 units, 30 percent complete with respect to conversion costs. Ending work in process had 17,000 units, 25 percent complete with respect to conversion costs. Started in process, 95,000 units. Required: 1....

  • Nonuniform Inputs Apeto Company produces premium chocolate candy bars. Conversion costs are added uniformly. For February,...

    Nonuniform Inputs Apeto Company produces premium chocolate candy bars. Conversion costs are added uniformly. For February, EWIP is 40 percent complete with respect to conversion costs. Materials are added at the beginning of the process. The following information is provided for February: Physical flow schedule: Units to account for: Units in BWIP 0 Units started 70,000 Total units to account for 70,000 Units accounted for: Units completed: From BWIP 0 Started and completed 45,000 45,000 Units in EWIP 25,000 Total...

  • Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost...

    Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 46,000 46,000 Add: Units in ending work in process ×      Percentage complete:         10,000 × 100% direct materials 10,000 —         10,000 × 40% conversion materials — 4,000 Eqivalent units of output 56,000 50,000 Costs:         Work in process, December 1:           Direct materials...

  • Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost...

    Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 46,000 46,000 Add: Units in ending work in process ×      Percentage complete:         10,000 × 100% direct materials 10,000 —         10,000 × 40% conversion materials — 4,000 Eqivalent units of output 56,000 50,000 Costs:         Work in process, December 1:           Direct materials...

  • Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost...

    Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 45,000 45,000 Add: Units in ending work in process x Percentage complete: 10,000 ~ 100% direct materials 10,000 10,000 x 45% conversion materials 4,500 Eqivalent units of output 55,000 49,500 Costs: Work in process, December 1: Direct materials $66,000 Conversion costs 14,000 Total work in...

  • Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost...

    Cost Information and the Weighted Average Method Morrison Company had the equivalent units schedule and cost information for its Sewing Department for the month of December, as shown below. Direct Materials Conversion Costs Units completed 40,000 40,000 Add: Units in ending work in process × Percentage complete: 10,000 × 100% direct materials 10,000 — 10,000 × 40% conversion materials — 4,000 Eqivalent units of output 50,000 44,000 Costs: Work in process, December 1: Direct materials $62,000 Conversion costs 12,000 Total...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT