Question

Using the weighted average method, you are provided the following information: Beginning WIP 500 needing 50% yet to complete Units started and completed and moved to the next process- 1000 units Ending WIP of 500 units that are 50% complete. What is your equivalent units of production for the period?

Answer 1

equivalent units for conversion 1,750

Step-by-step explanation:

for processing cost under the weighted average method the equivalent untis arethe complete and trasnferred untis plus the work complete on the ending inventory of work in process:

beginning WIP 500

+ start and complete 1,000

total complete and trasnfered-out = 1,500

Then we work 500 units at 50% thus 250 equivalent untis

the total equivalent untis is 1,500 + 250 = 1,750