Question
Equivalent Units of Production: Weighted average method Units of production data for the two departments of Atlantic Cable and Wire Company for July of the
-
Equivalent Units of Production: Weighted average method
Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows:
Drawing Department Winding Department Work in process, July 1 2,200 units, 50% completed 700 units, 20% completed Completed and transferred to next processing department during July 34,700 units 34,300 units Work in process, July 31 1,700 units, 65% completed 1,100 units, 35% completed Each department uses the Weighted average method. For each department, assume that direct materials are placed in process during production.
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 units Equivalent units of production 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 units Equivalent units of production units
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started