Answer:
<u>Total units accounted for 150,000</u>
<u> Transferred-In equivalent units 150,000</u>
Materials equivalent units 150,000
Conversion equivalent units 138,000
Explanation:
Production: Units in process,
August 1, 25% complete* 40,000
Units completed and transferred out 120,000
Units in process, August 31, 60% complete * 30,000 *
With respect to conversion costs.
<u><em>Drysdale Dairy </em></u>
<u><em>Physical Flow </em></u>
<u><em>Schedule For the Month of August</em></u>
<em>Units to account for: </em>
Units in beginning work in process 40,000
Units started 110,000
( Units completed + Ending Units in process- BWIP= 120,000+ 30,000- 40,000= 110,000)
<u>Total units accounted for 150,000</u>
Units accounted for:
Units transferred out 120,000
Units in ending work in process 30,000
<u>Total units accounted for 150,000</u>
<u>Weighted Average Method Equivalent Units</u>
Equivalent Units
Transferred-In Materials Conversion
Transferred Out 120,000 120,000 120,000
<u>Add EWIP 30,000 30,000 18,000( 60% of 30,000)</u>
<u>Equivalent Units 150,00 150,000 138,000</u>
Materials equivalent units 150,000
Conversion equivalent units 138,000
<em>Weighted Average Method is used adding the ending work in process and the transferred out units.</em>