A production department\'s output for the most recent month consisted of 10,000

Question

A production department's output for the most recent month consisted of 10,000 units completed and transferred to the next stage of production and 10,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. There were 1,000 units in beginning Work in Process inventory, and they were 70% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. A production department's output for the most recent month consisted of 8,000 units completed and transferred to the next stage of production and 5,000 units in ending Work in Process inventory. The units in ending Work in Process inventory were 50% complete with respect to both direct materials and conversion costs. Calculate the equivalent units of production for the month, assuming the company uses the weighted average method. A company uses a process costing system. Its Weaving Department completed and transferred out 120,000 units during the current period. The ending inventory in the Weaving Department consists of 40,000 units (20% complete with respect to direct materials and 60% complete with respect to conversion costs). Determine the equivalent units of production for the weaving Department for direct materials and conversion costs assuming the weighted average method.

Explanation / Answer

50. Calculation of Equivalent Unit of Production Units % to work done Equivalent Unit Opening Inventory 1000 30% 300 Units Completed 10000 100% 10000 Closing Inventory 10000 50% 5000 Equivalent unit of Production 15300 51. Calculation of Equivalent Unit of Production Units % to work done Equivalent Unit Units Completed 8000 100% 8000 Closing Inventory 5000 50% 2500 Equivalent unit of Production 10500

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