Answered: Equivalent Units Calculations -…

Managerial Accounting

15th Edition

ISBN:9781337912020

Author:Carl Warren, Ph.d. Cma William B. Tayler

Publisher:Carl Warren, Ph.d. Cma William B. Tayler

Chapter3: Process Cost Systems

Section: Chapter Questions

Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...

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Question

Equivalent Units Calculations - Weighted Average Method

The following are selected operating data for Jackson Company's Blending Department for April. Tinting and packaging operations are carried out subsequently in other departments.

Beginning inventory	14,000 units,	60% complete
Started and completed	238,000 units
Ending inventory	21,000 units,	30% complete

Calculate the equivalent units completed using the weighted average method, assuming that the materials are added at the beginning of the process and conversion costs are incurred evenly throughout.

Jackson Company
Flow of Units and Equivalent Units Calculation, April
				Equivalents Units
Where do the units come from?	Where do the units go?	% Work Done?	Direct Materials	% Work Done?	Conversion Costs
Beginning Inventory	Answer 1	Completed/Transferred	Answer 2	Answer 3	Answer 4	Answer 5	Answer 6
Started	Answer 7	Ending Inventory	Answer 8	Answer 9	Answer 10	Answer 11	Answer 12
Total	Answer 13	Total	Answer 14		Answer 15		Answer 16