Mccabe Corporation uses the weighted-average method in its process costing. The

Question

Mccabe Corporation uses the weighted-average method in its process costing. The following data pertain to its Assembly Department for September.

Required:

Compute the equivalent units of production for both materials and conversion costs for the Assembly Department for September using the weighted-average method.

Percent Complete Units Materials Conversion Work in process, September 1 1,100 55 % 10 % Units started into production during September 8,500 Units completed during September and transferred to
the next department 7,600 Work in process, September 30 2,000 75 % 25 %

Explanation / Answer

Answer:-

Statment of Equivalent Production units Under Weighted Average Cost Method Particluars Input Units Particulars Output Units Equivalent Production % Direct Material % Conversion Costs Opening Work in process 1100 Units completed (Transferred to next process) 7600 100 7600 100 7600 Units introduced 8500 Closing work in process 2000 75 1500 25 500 Total 9600 9600 9100 8100

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