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Calculate the cost of equivalent units for inventory transferred out and ending WIP using the weighted-average method and then the FIFO method based on the
- Calculate the cost of equivalent units for inventory transferred out and ending WIP using the weighted-average method and then the FIFO method based on the following data: Furthermore, reconcile, To Be Accounted For w Accounted For.
|
| Units | Material | Conversion |
| Beginning WIP | 1,700 | 35% | 55% |
| Started | 13,435 |
|
|
| Completed | 12,162 |
|
|
| Ending WIP | 2,973 | 40% | 65% |
| Units | Material | Conversion |
| Beginning = 1,700 | $9,027 | $14,775 |
| Started = 13,435 | $209,448 | $301,422 |
Weighted-Average
FIFO
|
| Units | Material | Conversion |
| Beginning WIP | 1,700 | 35% | 55% |
| Started | 13,435 |
|
|
| Completed | 12,162 |
|
|
| Ending WIP | 2,973 | 40% | 65% |
| Units | Material | Conversion |
| Beginning = 1,700 | $9,027 | $14,775 |
| Started = 13,435 | $209,448 | $301,422 |
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