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Equivalent Units of Production: Average Cost Method Units of production data for the two departments of Continental Cable and Wire Company for May of the
Equivalent Units of Production: Average Cost Method
Units of production data for the two departments of Continental Cable and Wire Company for May of the current fiscal year are as follows:
Drawing Department | Winding Department | |
Work in process, May 1 | 1,400 units, 50% completed | 450 units, 25% completed |
Completed and transferred to next processing department during May | 22,400 units | 21,850 units |
Work in process, May 31 | 1,100 units, 65% completed | 700 units, 25% completed |
Each department uses the average cost method.
a. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department.
Whole units | fill in the blank 1 units |
Equivalent units of production | fill in the blank 2 units |
b. Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.
Whole units | fill in the blank 3 units |
Equivalent units of production | fill in the blank 4 units |
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