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5 May, 03:22

Beginning Work in Process was 20,000 units 20% that were complete and 80,000 units started, with ending Work in Process of 18,000 units that were 30% complete. If the manager adds materials halfway during the process and conversion costs occur uniformly during processing, what are the equivalent units for material and conversion costs respectively under a weighted-average assumption?

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  1. 5 May, 07:15
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    materials 18,000 Conversion 23,400

    Explanation:

    Assuming weighted-average method:

    equivalent units: complete units + percentage of completion ending WIP:

    physical units:

    beginning 20,000

    started 8,000

    ending (18,000)

    complete 10,000

    conversion percentage of completion ending WIP:

    18,000 x 30% = 5,400 units

    materials percentage of completion ending WIP:

    18,000 x 0% = 0

    Notice it state the materials are added half-way and this units are at 30% they need to be at least 50% to get the materials added. So, none have it.

    Equivalent unit Conversion:

    18,000 + 5,400 = 23,400

    Equivalent units Materials:

    18,000 + 0 = 18,000
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