Question
Exercise 6.18 (Algorithmic) Equivalent Units: Weighted Average Method The following data are for four independent process-costing departments. Inputs are added continuously. A B C D
Exercise 6.18 (Algorithmic) Equivalent Units: Weighted Average Method
The following data are for four independent process-costing departments. Inputs are added continuously.
| A | B | C | D | |
| Beginning inventory | 8,000 | 6,000 | 40,000 | |
| Percent completion | 30% | 80% | 65% | |
| Units started | 23,000 | 16,000 | 50,000 | 38,000 |
| Ending inventory | 7,000 | 9,000 | 15,000 | |
| Percent completion | 20% | 30% | 25% |
Required:
Compute the equivalent units of production for each of the preceding departments using the weighted average method.
| Equivalent Units | |
| Department A | |
| Department B | |
| Department C | |
| Department D | |
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Contemporary Auditing Real Issues And Cases
Authors: Michael C. Knapp, Loreen Knapp
5th Edition
032418834X, 978-0324188349
