Equivalent Units Calculations—Weighted AverageMethod
Ferris Corporation makes a powdered rug shampoo in twosequential departments, Compounding and Drying. Materials are addedat the beginning of the process in the Compounding Department.Conversion costs are added evenly throughout each process. Ferrisuses the weighted average method of process costing. In theCompounding Department, beginning work in process was 12,000 pounds(70% processed), 111,000 pounds were started in process, 108,000pounds transferred out, and ending work in process was 70%processed.
Calculate equivalent units for March 2016 for the CompoundingDepartment.
Ferris Corporation
Flow of Units and Equivalent Units Calculation, March 2016 |
|---|
| Equivalent Units |
|---|
| % Work
done | Direct
Materials | % Work
Done | Conversion
Costs |
|---|
| Complete/Transferred | Answer | Answer% | Answer | Answer% | Answer |
| Ending Inventory | Answer | Answer% | Answer | Answer% | Answer |
| Total | Answer | | Answer | | Answer |
