Equivalent Units of Production: Equivalent units of production under weighted average is computed by adding the equivalent units of finished goods and equivalent unit of work in process. Equivalent units of finished goods shall be 100% complete as regards to material and conversion cost. However, the equivalent units of in process inventory shall be computed on the basis of degree of completion in respect of each particular cost. And after equivalent units of finished goods and in process for both the cost, the equivalent units of both in respect to particular cost shall be added to arrive the number of equivalent units of production in respect to each particular cost. TheEquivalent units of material under weighted average method shall be computed.

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Chapter 20, Problem 18QS

To determine

Equivalent Units of Production:

Equivalent units of production under weighted average is computed by adding the equivalent units of finished goods and equivalent unit of work in process.

Equivalent units of finished goods shall be 100% complete as regards to material and conversion cost. However, the equivalent units of in process inventory shall be computed on the basis of degree of completion in respect of each particular cost. And after equivalent units of finished goods and in process for both the cost, the equivalent units of both in respect to particular cost shall be added to arrive the number of equivalent units of production in respect to each particular cost.

TheEquivalent units of material under weighted average method shall be computed.

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