Required information The following information applies to the questions displaye

Question

Required information The following information applies to the questions displayed below.) The production department in a process manufacturing system completed 74,000 units of product and transferred them to finished goods during a recent period. Of these units, 29,600 were in process at the beginning of the period. The other 44,400 units were started and completed during the period. At period-end, 17,200 units were in process. Prepare the department's equivalent units of production with respect to direct materials under each of three separate assumptions using the weighted-average method for process costing

Explanation / Answer

1) Equivalent unit :

2) Equivalent unit :

3) Equivalent unit :

Units % materials EUP-materials Unit tranferred out 74000 100% 74000 Ending work in process 17200 100% 17200 Total EUP 91200 91200

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