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Need help fixing not sure what I'm missing [The following information applies to the questions displayed below.) The first production department in a process manufacturing
Need help fixing not sure what I'm missing
[The following information applies to the questions displayed below.) The first production department in a process manufacturing system reports the following unit data. Beginning work in process inventory Units started and completed Units completed and transferred out Ending work in process inventory 24,000 units 56,000 units 80,000 units 16,000 units Exercise 3-4 (Static) Weighted average: Computing equivalent units LO P1 Prepare the production department's equivalent units of production for direct materials under each of the following three separate assumptions using the weighted average method for process costing. Equivalent Units of Production (EUP)Weighted Average Method 1. All direct materials are added to products when processing begins. Direct Materials Units Percent EUP Complete Completed and transferred out 80,000 100% Ending work in process inventory 16,000 100% Total 96,000 2. Beginning inventory is 40% complete as to direct materials costs. Ending inventory is 75% complete as to direct materials costs. Units Direct Materials Percent EUP Complete 100% Completed and transferred out Ending work in process inventory 80,000 16,000 96,000 75% Total 3. Beginning inventory is 60% complete as to direct materials costs. Ending inventory is 30% complete as to direct materials costs. Units Direct Materials Percent EUP Complete 100% 80,000 16,000 96,000 Completed and transferred out Ending work in process inventory Total 30%
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