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27 July, 20:37

EA3.

LO 5.3Given the following information, determine the equivalent units of ending work in process for materials and conversion under the weighted-average method:

beginning inventory of 2,500 units is 100% complete with regard to materials and 60% complete with regard to conversion

18,000 units were started during the period

17,500 units were completed and transferred

ending inventory is 100% complete with materials and 65% complete with conversion

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Answers (1)
  1. 27 July, 21:16
    0
    3,000 units and 1,950 units

    Explanation:

    For computing the equivalent units of ending work in process for materials and conversion cost, first we have to determine the ending work in process units which is shown below:

    Ending work in process units = Beginning inventory + units started - units completed and transferred

    = 2,500 units + 18,000 units - 17,500 units

    = 3,000 units

    Now the equivalent units of ending work in process for materials would be

    = 3,000 units * 100%

    = 3,000 units

    And, for conversion cost it would be

    = 3,000 units * 65%

    = 1,950 units
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