Lindex Company uses a process costing system. The following data are available f

Question

Lindex Company uses a process costing system. The following data are available for one department for October:

Percent Completed

The department started 404,000 units into production during the month and transferred 414,000 completed units to the next department.

Compute the equivalent units of production for October, assuming that the company uses the weighted-average method of accounting for units and costs.

Lindex Company uses a process costing system. The following data are available for one department for October:

Explanation / Answer

Weighted-Average Method

Work in process, ending

40,000*67/100

40,000*49/100

19600

Particulars Material Conversion Units transferred out 414,000 414,000

Work in process, ending

40,000*67/100

40,000*49/100

26800

19600

Equivalent units of production 440800 433600

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