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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 the weighted average method.

Goforth Company
Schedule of equivalent units
(Weighted Average Method)
Units completed
Units in ending work in process x fraction complete:
Equivalent units of output
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Answer #1

Prepare a schedule of equivalent units using the weighted average method.

Goforth Company
Schedule of equivalent units
(Weighted Average Method)
Units completed 480000
Units in ending work in process x fraction complete: (120000*75%) 90000
Equivalent units of output 570000

Units completed= From Beginning work in process+Started and completed

= 200000+280000= 480000

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