Equivalent Units Calculations—Weighted Average Method Ferris Corporation makes a
ID: 2509401 • Letter: E
Question
Equivalent Units Calculations—Weighted Average Method
Ferris Corporation makes a powdered rug shampoo in two sequential departments, Compounding and Drying. Materials are added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Ferris uses the weighted average method of process costing. In the Compounding Department, beginning work in process was 4,000 pounds (70% processed), 37,000 pounds were started in process, 36,000 pounds transferred out, and ending work in process was 60% processed.
Calculate equivalent units for March 2016 for the Compounding Department.
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Ferris CorporationFlow of Units and Equivalent Units Calculation, March 2016 Equivalent Units % Work
done Direct
Materials % Work
Done Conversion
Costs Complete/Transferred Answer
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Ending Inventory Answer0.00 points out of 1.00
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Answer 212:SPRING 2018-ONLINE processed). 37,000 pounds were started in process, 36,000 poundsExplanation / Answer
Solution:
Ferris CorporationComputation of Equivalent unit of Production - Compounding Department Particulars Physical Units Material Conversion Unit completed & Transferred out 36000 36000 36000 Closing WIP: 5000 Material (100%) 5000 Conversion (60%) 3000 Equivalent units of production 41000 41000 39000
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