Question

Given the following production data, calculate the equivalent units of production. (Answers must be entered as numbers only without spaces, dollar signs, commas, decimals, etc. Example: 50000) Production Flow Percent Complete Units Materials Conversion Work in process, beginning inventory 200 55% 30% Units started this period 5,000 Total units: 5,200 Completed and transferred units this period 4,800 100% Work in process, ending inventory 400 40%

Answer 1

Weighted Average Equivalent Units Materials 4960 Conversion 5200

Fifo Equivalent Units Materials 4850 Conversion 5140

Step-by-step explanation:

Normally weighted average method is used when not specified.

Production Flow Percent Complete

Units Materials Conversion

WIP beginning inventory 200 55% 30%

Units started this period 5,000

Total units: 5,200

Completed and transferred 4,800 100%

Work IP, ending inventory 400 40%

Using Weighted Average method for Equivalent Units we add the completed units with the ending inventory

Particulars Units Materials Conversion

Completed 4800 4800 4800

+ WIP Ending 400 160 400

Equivalent Units 4960 5200

Materials EWIP = 400*40%= 160

Conversion EWIP= 400*100 %=400

If we use FIFO method then we deduct the beginning inventory from the weighted average method equivalent unit production

Particulars Units Materials Conversion

Completed 4800 4800 4800

+WIP Ending 400 160 400

- BWIP 200 110 60

Equivalent Units 4850 5140

Materials BWIP = 200*55%= 110

Conversion EWIP= 200*30%= 60