Cadot Inc. uses the weighted-average method in its process costing system. The f

Question

Cadot Inc. uses the weighted-average method in its process costing system. The folowing data concern the oporations of the company's first processing department for a recent month rk in process, beginning: Units in process Percent complete with respect to naterials Pereent ecmplete vich respect to canversion 70 Ro 400 90% Units started into production during the nonth Work in process, onding: Units in process Percent eosplete with respect to nateriale Percent completo with respect to conversion 600 8oN 40% Required: Using the weighted-average method, determine the equivalent units of production for materials and conversion costs

Explanation / Answer

UNITS TO ACCOUNT FOR: Beginning Work in Process units 400 Add: Units Started in Process 18,000 Total Units to account for: 18,400 UNITS TO BE ACCOUNTED FOR: Units started and completed 17,800 Ending Work in Process 600 Total Units to be accounted for: 18,400 Equivalent Units: Material Cost Conversion % Completion Units % Completion Units Units started and completed 100% 17,800 100% 17,800 Ending Work in Process 80% 480 40% 240 Total Equivalent units 18,280 18,040

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