**Bear Company Weighted Average Method of Accounting**The Bear Company uses the weighted average method of accounting. The following data are available for analysis:| Description | Units | Percent Complete ||----------------------------------------------|--------|------------------|| Beginning Work in Process Inventory | 5,000 | 60% || Units Started and Completed | 25,000 | || Units Started and NOT Completed | 4,000 | 75% |**Task: Compute the Equivalent Units of Production**

Equivalent units of production = No of physical units * % of completion Physical units % of completion Equivalent units Units started and completed 25,000 100% 25,000 Units started and not completed 4,000 75% 3,000 Total equivalent units 28,000

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Accounting

Bear Company uses the weighted average method of accounting. The following data are available: Percent Units Complete Beginning Work in Process Inventory 5,000 60% Units Started and Completed 25,000 Units Started and NOT Completed 4,000 75%

Bear Company uses the weighted average method of accounting. The following data are available: Percent Units Complete Beginning Work in Process Inventory 5,000 60% Units Started and Completed 25,000 Units Started and NOT Completed 4,000 75%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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A process manufacturer that uses the weighted-average method reports the following. Beginning work in process inventory Units completed and transferred out Ending work in process inventory Equivalent units of production for conversion are: Multiple Choice O 125,200. Units 38,000 108,000 43,000 Conversion Percent Complete 80% 40%
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Subject: accounting
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