Equivalent Units CalculationsWeighted Average Method

Terrace Corporation makes an industrial cleaner in two sequential departments, Compounding and Drying. All material is added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Terrace uses the weighted average method of process costing. In the Compounding Department, beginning work in process was 6,000 pounds (60% processed), 102,000 pounds were started, 96,000 pounds were transferred out, and ending work in process was 60% processed.

Calculate equivalent units for the Compounding Department for August 2016

Equivalent Units Calculations-Weighted Average Method Terrace Corporation makes an industrial cleaner in two sequential departments, Compounding and Drying. All material is added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Terrace uses the weighted average method of process costing. In the Compounding Department, beginning workin process was 60 00 un s 60 % processed 102 000 pour s were started, 96,000 pounds were transferred out, and ending work in process was 60% processed. Calculate equivalent units for the Compounding Department for August 2016 Terrace Corporation Flow of Units and Equivalent Units Calculation, August 2016 Equivalent Units % WorkConversion % Work done Direct Materials Done Costs Complete/Transferred , Ending Inventory Total