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? % WorkDone? DirectMaterials % WorkDone? ConversionCosts 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
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? % WorkDone? DirectMaterials % WorkDone? ConversionCosts 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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 |
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