Weighted Average Method, Equivalent Units Goforth Company produces a product whe

Question

Weighted Average Method, Equivalent Units Goforth Company produces a product where all manufacturing inputs are applied uniformly. Goforth produced the following physical flow schedule for April: Units to account for: units in BWIP (40% complete) Units started 330,000 440,000 770,000 Total units to account for Units accounted for: Units completed: From BWIP Started and completed 330,000 325,600 655,600 114,400 770,000 units, EWIP (65% complete) Total units accounted for Required Prepare a schedule of equivalent units using the weighted average method. Goforth Company Schedule of equivalent units (Weighted Average Method) Units completed Units in ending work in process x fraction complete: Equivalent units of output 576,000 X

Explanation / Answer

Goforth company Schedule of equivalent unit Weighted average method Units completed 655600 Units in ending work in process*Fraction complete (114400*65%) 74360 Equivalent unit of output 729960

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