Answer:
Equivalent units in the month of August using weighted average = 67,000
Explanation:
Using the weighted average method we have,
Opening equivalent units for material = 8,000 as materials are added in the beginning of the process.
Completed and transferred = 69,000
Out of which 8,000 were from opening
Therefore equivalent units = 69,000 - 8,000 = 61,000
Closing inventory = 6,000 again this will also be 100 % complete for materials as the material is added in beginning.
Total equivalent units in the month of August using weighted average = 61,000 + 6,000 = 67,000
