Answer:
Step-by-step explanation:
Opening units 180000
Started 420000
600000
Transffered 504000
Closing 96000
schedule of equivalent units using the weighted average method
Cost Element Complete Closing WIP Equivellant production units
Material 504,000 96,000 600,000
Labour Cost 504,000 72,000 576,000
closing wip with respect to conversion represents 75% of 96000 units