Assume the following information: Work-in process, beginning 100 units, 25% complete Units completed and transferred out...
Assume the following information:
Work-in process, beginning 100 units, 25% complete
Units completed and transferred out 600 units
Work-in-process, ending 200 units, 40% complete
a. Compute the equivalent units of production using the weighted-average
method.
b. Compute the equivalent units of production using the FIFO method.
Homework Answers
a) equivalent unit using weighted average
| Unit completed and transferred out | 600 |
| Ending work in process (200*40%) | 80 |
| Equivalent unit of production | 680 |
b) equivalent unit using FIFO
| Beginning work in process (100*75%) | 75 |
| Unit completed and transferred out (600-100) | 500 |
| Ending work in process (200*40%) | 80 |
| Equivalent unit of production | 655 |
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