Question
Please show your work: Weighted Average Method, Equivalent Units Goforth Company produces a product where all manufacturing inputs are applied uniformly. Goforth produced the following
Please show your work:
Weighted Average Method, Equivalent Units
Goforth Company produces a product where all manufacturing inputs are applied uniformly. Goforth produced the following physical flow schedule for April:
| Units to account for: | |
| Units in BWIP (40% complete) | 270,000 |
| Units started | 660,000 |
| Total units to account for | 930,000 |
| Units accounted for: | |
| Units completed: | |
| From BWIP | 270,000 |
| Started and completed | 330,000 |
| 600,000 | |
| Units, EWIP (75% complete) | 330,000 |
| Total units accounted for | 930,000 |
Required:
Prepare a schedule of equivalent units using the weighted average method.
| Goforth Company | |
| Schedule of equivalent units | |
| (Weighted Average Method) | |
| Units completed | |
| Units in ending work in process x fraction complete: | |
| Equivalent units of output | |
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Accounting And Finance For Non Finance Managers
Authors: Jai Kumar Batra
1st Edition
9352806964, 978-9352806966
