Unformatted text preview: ed products are
equivalent to one complete product. h Equivalent units can be calculated two
The First-In, First-Out Method – FIFO is
FIFO + = covered
covered in the appendix to this chapter. 1 The Weighted-Average
The Weighted-Average Method – This
method will be covered in the main portion of the
chapter. So, 10,000 units 70% complete
are equivalent to 7,000 complete units.
LO 2 LO 2 4-17 h 4-18 W
W t Z t D The weighted-average method . . . Production Report
A quantity schedule showing
the flow of units and the
computation of equivalent units. • Makes no distinction between work done in prior
or current periods. Section 1
• Blends together units and costs from prior and
A computation of
cost per equivalent unit. Section 2 • Determines equivalent units of production for a
department by adding together the number of
units transferred out plus the equivalent...
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This note was uploaded on 04/01/2014 for the course RSM 222 taught by Professor D.cianflone during the Fall '10 term at University of Toronto.
- Fall '10