Computation of Equivalent Units—Weighted-Average Method
Lindex Company uses a process costing system. The following data are available for one department for October:
Percent Completed | |||
| Units | Materials | Conversion |
Work in process, October 1 | 50,000 | 90% | 60% |
Work in process, October 31 | 30,000 | 70% . | 50% |
The department started 390,000 units into production during the month and transferred 410.000 completed units to the next department.
Required:
Compute the equivalent units of production for October, assuming that the company uses the weighted-average method of accounting for units and costs.
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