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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

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