A production department's output for the most recent month consisted of 8,200 units completed and transferred...
A production department's output for the most recent month consisted of 8,200 units completed and transferred to the next stage of production and 5,200 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method.
Homework Answers
The objective of of eqyuivalent units is to allocate the cost of production to completed and in progress units accordingly.
Equivalent units of work in progress = Units x Percentage of completion = 5,200 x 50% = 2,600 units
Equivalent units of production = 8,200 + 2,600 = 10,800 units
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