Please show your work: Weighted Average Method, Equivalent Units Goforth Company produces a product where...
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Accounting
Please show your work:
Weighted Average Method, Equivalent Units
Goforth Company produces a product where all manufacturing inputs are applied uniformly. Goforth produced the following physical flow schedule for April:
Units to account for:
Units in BWIP (40% complete)
270,000
Units started
660,000
Total units to account for
930,000
Units accounted for:
Units completed:
From BWIP
270,000
Started and completed
330,000
600,000
Units, EWIP (75% complete)
330,000
Total units accounted for
930,000
Required:
Prepare a schedule of equivalent units using the weighted average method.
Goforth Company
Schedule of equivalent units
(Weighted Average Method)
Units completed
Units in ending work in process x fraction complete:
Equivalent units of output
Answer & Explanation
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