Question

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) 310,000 Units started 520,000 Total units to account for 830,000 Units accounted for: Units completed: From BWIP 310,000 Started and completed 301,600 611,600 Units, EWIP (55% complete) 218,400 Total units accounted for 830,000 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 Check My Work3 more Check My Work uses remaining.

Answer 1

Equivalent untis: 731,720

Step-by-step explanation:

"all manufacturing inputs are applied uniformly." Thus; materials, labor and overhead have the same percentaje of completion.

Weighted-Average method equivalent units:

Complete untis + percentage of completion ending WIP inventory

calculation for complete units:

Beginning WIP 310,000

Started 520,000

Ending WIP (218,400)

Complete units: 611,600

calculation for percentage of completion ending WIP inventory:

218,400 units x 55% = 120,120 units

Equivalent units:

611,600 + 120,120 = 731,720