Materials added at the beginning of the process Required Calculate the equivalen

Question

                    Materials added at the beginning of the process                 

Required
                    Calculate the equivalent units for                 

                    Please show work I have to show it. Thanks

                                Units                                                              Beginning work-in-process                                                              20,000                                                              20% complete                                                              Transferred to finished goods                                                              60,000                                                              Ending inventory                                                              10,000                                                              70% complete                             

Explanation / Answer

Calculate the equivalent units for

A)material costs under the weighted average process cost method;

Using Weighted Average Process Costing Calculation of Equivalent Unit produce during the month Unit Material Conversion % of completion Equivalent Unit % of completion Equivalent Unit Beginning 20000 100% 20000 100% 20000 Unit Started & completed 40000 100% 40000 100% 40000 Closing 10000 100% 10000 70% 7000 Equivalent Unit Produced 70000 67000 Using FIFO Process Costing Calculation of Equivalent Unit produce during the month Unit Material Conversion % of completion Equivalent Unit % of completion Equivalent Unit Beginning 20000 - - 80% 16000 Unit Started & completed 40000 100% 40000 100% 40000 Closing 10000 100% 10000 70% 7000 Equivalent Unit Produced 50000 63000

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