8-15 - Compute the equivalent units for materials using the...

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Compute equivalent units: weighted average method Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process: Beginning inventory, 8,000 partially complete gallons. Transferred out, 42,000 gallons. Ending inventory (materials are 10 percent complete; conversion costs are 20 percent complete). Started this month, 48,000 gallons.
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Unformatted text preview: Compute the equivalent units for materials using the weighted-average method. Compute the equivalent units for conversion costs using the weighted-average method. Solution: Statement of Equivalent Production Units Material Conversion cost % EU % EU Closing WIP 14000 10% 1400 20% 2800 Finished Goods 42000 100% 42000 100% 42000 Equivalent Units 43400 44800...
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