Nygaard Corporation uses the weighted-average method in its process costing. The

Question

Nygaard Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for September.

  

  

Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using the weighted-average method.

  

Percent Complete Units Materials Conversion   Work in process, September 1 550     65%      30%          Units started into production during September 8,500       Units completed during September and     transferred to the next department 7,500       Work in process, September 30 1,550     70%      50%       

Explanation / Answer

Particulars % completed materials % Completed conversion Quantity Equivalent Units of production Material Equivalent Units of production conversion Opening WIP 35% 70% 550 192.5 385 Units completed during september 100% 100% 7500 7500 7500 Closing WIP 70% 50% 1550 1085 775 Total Equivalent units of production 8777.5 8660

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