Percent Completed Units Materials Conversion Work-In-Process, Beginning 10,000 60% 30% Started into production 100,000 Completed and...
|
Percent Completed |
|||
|
Units |
Materials |
Conversion |
|
|
Work-In-Process, Beginning |
10,000 |
60% |
30% |
|
Started into production |
100,000 |
||
|
Completed and Transferred Out |
95,000 |
||
|
Work-In-Process, Ending |
? |
60% |
20% |
|
Work-In-Process, Beginning |
$22,600 |
$16,600 |
|
|
Costs added during period |
$133,400 |
$81,400 |
|
Using the weighted average process costing method what is the ending work-in-process physical units?
|
Percent Completed |
|||
|
Units |
Materials |
Conversion |
|
|
Work-In-Process, Beginning |
10,000 |
60% |
30% |
|
Started into production |
100,000 |
||
|
Completed and Transferred Out |
95,000 |
||
|
Work-In-Process, Ending |
? |
60% |
20% |
|
Work-In-Process, Beginning |
$22,600 |
$16,600 |
|
|
Costs added during period |
$133,400 |
$81,400 |
|
Using the weighted average process costing method, what is the total physical units to be accounted for?
|
Percent Completed |
|||
|
Units |
Materials |
Conversion |
|
|
Work-In-Process, Beginning |
10,000 |
60% |
30% |
|
Started into production |
100,000 |
||
|
Completed and Transferred Out |
95,000 |
||
|
Work-In-Process, Ending |
? |
60% |
20% |
|
Work-In-Process, Beginning |
$22,600 |
$16,600 |
|
|
Costs added during period |
$133,400 |
$81,400 |
|
Using the weighted average process costing method, what are the material equivalent units?
Homework Answers
a) Ending work-in-process physical units = 10000 + 100000 - 95000 = 15000 Units
b) Statement of Equivalent Production (Weighted average costing method)
| Particulars | Percentage of Completion and Equivalent units as to Material |
Percentage of Completion and Equivalent units as to Conversion |
| Units Completed = 95000 | 100 % = 95000 | 100 % = 95000 |
| Ending work-in-process Units = 15000 | 60 % = 9000 | 20 % = 3000 |
| Total Equivalent Units | 104000 | 98000 |
Conclusion:- Total Equivalent Units as to material (Material Equivalent Units) = 104000 Units and Total Equivalent Units as to Conversion (Conversion Equivalent Units) = 98000 Units
Add Answer to:
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