Answer:
a) Equivalent Units 19400
b) Cost per equivalent unit of production for materials = $ 1.4536 per unit
Step-by-step explanation:
<u><em>The Plastic Flowerpots Company</em></u>
<u><em>Weighted Average Method </em></u>
<u><em>Equivalent Units</em></u>
Particulars Units % of Completion Equivalent Units
Materials Materials
BWIP 2000 70 % 1400
<u>Units Started 18000 18000 </u>
<u>Equivalent Units 19400 </u><u> </u>
<u />
Equivalent Units
Particulars Units % of Completion Equivalent Units
Materials Materials
Completed 17000 100 % 17000
<u>EWIP 3000 80% 2400 </u>
<u>Equivalent Units 19400 </u><u> </u>
<u />
<u>The equivalent units under the weighted average method are found by either adding the BWIP and units started or the EWIP and the units completed.</u>
Beginning work in process inventory (direct materials) $ 1,200
<u>Direct materials added during the month 27,900</u>
<u>Total Materials Cost $ 28,200</u>
b) Cost per equivalent unit of production for materials = $ 28,200/ 19400=
$ 1.4536 per unit