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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
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) | 250,000 |
Units started | 400,000 |
Total units to account for | 650,000 |
Units accounted for: | |
Units completed: | |
From BWIP | 250,000 |
Started and completed | 272,000 |
522,000 | |
Units, EWIP (60% complete) | 128,000 |
Total units accounted for | 650,000 |
Required:
Prepare a schedule of equivalent units using the weighted average method.
Goforth Company | |
Schedule of equivalent units | |
(Weighted Average Method) | |
Units completed | fill in the blank 1 |
Units in ending work in process x fraction complete: | fill in the blank 2 |
Equivalent units of output | fill in the blank 3 |
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