Weighted Average Method, Equivalent Units Goforth Company produces a product where all manufacturing inputs are app Units to account for: Units in BWIP (40% complete) Units started Total units to account for 180,000 420,000 600.000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Weighted Average Method, Equivalent Units
Goforth Company produces a product where all manufacturing inputs are applied
Units to account for:
Units in BWIP (40% complete)
Units started
Total units to account for
Units accounted for:
Units completed:
From BWIP
Started and completed
Units, EWIP (75% complete)
Total units accounted for
Required:
180,000
420,000
600,000
180,000
324,000
504,000
96,000
600,000
Prepare a schedule of equivalent units using the weighted average method.
Goforth Company
Schedule of equivalent units
(Weighted Average Method)
Transcribed Image Text:Weighted Average Method, Equivalent Units Goforth Company produces a product where all manufacturing inputs are applied Units to account for: Units in BWIP (40% complete) Units started Total units to account for Units accounted for: Units completed: From BWIP Started and completed Units, EWIP (75% complete) Total units accounted for Required: 180,000 420,000 600,000 180,000 324,000 504,000 96,000 600,000 Prepare a schedule of equivalent units using the weighted average method. Goforth Company Schedule of equivalent units (Weighted Average Method)
Units in BWIP (40% complete)
Units started
Total units to account for
Units accounted for:
Units completed:
From BWIP
Started and completed
Units, EWIP (75% complete)
Total units accounted for
180,000
Units completed
Units in ending work in process x fraction complete:
Equivalent units of output
420,000
600,000
180,000
324,000
504,000
96,000
600,000
Required:
Prepare a schedule of equivalent units using the weighted average method.
Goforth Company
Schedule of equivalent units
(Weighted Average Method)
U
Transcribed Image Text:Units in BWIP (40% complete) Units started Total units to account for Units accounted for: Units completed: From BWIP Started and completed Units, EWIP (75% complete) Total units accounted for 180,000 Units completed Units in ending work in process x fraction complete: Equivalent units of output 420,000 600,000 180,000 324,000 504,000 96,000 600,000 Required: Prepare a schedule of equivalent units using the weighted average method. Goforth Company Schedule of equivalent units (Weighted Average Method) U
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