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Calculate equivalent units and cost per equivalent unit using the weighted average method. Production Department Details Units Started Units Completed Ending Work in Process Direct
Calculate equivalent units and cost per equivalent unit using the weighted average method.
Production Department Details | Units Started | Units Completed | Ending Work in Process | Direct Materials ($) | Conversion Costs ($) |
Period Costs | 20,000 | 18,000 | 2,000 | $40,000 | $60,000 |
Requirements:
Calculate equivalent units of production for direct materials and conversion costs.
Determine the cost per equivalent unit for direct materials and conversion costs.
Prepare a cost reconciliation report for the production department.
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