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Nonuniform Inputs, Weighted Average Carter Inc. had the following production and cost information for its fabrication department during April (with materials added at the beginning
Nonuniform Inputs, Weighted Average
Carter Inc. had the following production and cost information for its fabrication department during April (with materials added at the beginning of the fabrication process):
Production: | |
Units in process, April 1, 50% complete with respect to conversion | 10,000 |
Units completed | 65,200 |
Units in process, April 30, 60% complete | 12,000 |
Costs: | |
Work in process, April 1: | |
Materials | $40,980 |
Conversion costs | 15,100 |
Total | $56,080 |
Current costs: | |
Materials | $125,000 |
Conversion costs | 210,000 |
Total | $335,000 |
Carter uses the weighted average method.
Required:
1. Prepare an equivalent units schedule.
Carter Inc. | |||||
Schedule of Equivalent Units | |||||
(Weighted Average Method) | |||||
Materials | Conversion | ||||
Units completed | fill in the blank 623c58000fc6052_1 | fill in the blank 623c58000fc6052_2 | |||
Add: Units in ending WIP x Percent complete | |||||
fill in the blank 623c58000fc6052_3 | fill in the blank 623c58000fc6052_4 % | fill in the blank 623c58000fc6052_5 | |||
fill in the blank 623c58000fc6052_6 | fill in the blank 623c58000fc6052_7 % | fill in the blank 623c58000fc6052_8 | |||
Equivalent units of output | fill in the blank 623c58000fc6052_9 | fill in the blank 623c58000fc6052_10 |
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