Equivalent units of production (EUP): As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units. Weighted average method: Weighted average method is the average of cost in the beginning and net purchases in the by the number of units available for sale. To compute: Assignment of cost to molding department.

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Chapter 16, Problem 19QS

To determine

Equivalent units of production (EUP):

As per equivalent units of production, the units which are yet to complete are treated at par with fully completed units in order to allocate production cost uniformly. Both fully completed units and partially completed units are represented by fully completed units.

Weighted average method:

Weighted average method is the average of cost in the beginning and net purchases in the by the number of units available for sale.

To compute:Assignment of cost to molding department.

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