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15 December, 09:27

Using the weighted average method, you are provided the following information: Beginning WIP 500 needing 50% yet to complete Units started and completed and moved to the next process - 1000 units Ending WIP of 500 units that are 50% complete. What is your equivalent units of production for the period?

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  1. 15 December, 09:34
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    equivalent units for conversion 1,750

    Explanation:

    for processing cost under the weighted average method the equivalent untis arethe complete and trasnferred untis plus the work complete on the ending inventory of work in process:

    beginning WIP 500

    + start and complete 1,000

    total complete and trasnfered-out = 1,500

    Then we work 500 units at 50% thus 250 equivalent untis

    the total equivalent untis is 1,500 + 250 = 1,750
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