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18 December, 01:29

Beginning Work in Process Inventory was 10,000 units that were 20% complete and 40,000 units started, with ending Work in Process Inventory of 8,000 units 40% that were complete.

If materials are added at the beginning of the process and conversion costs occur uniformly during processing, what are the equivalent units for material and conversion costs respectively under a weighted-average method?

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  1. 18 December, 02:30
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    Material EUP = 5000

    Conversion Costs EUP = 51,200

    Explanation:

    Under weighted average method

    Beginning Work in Process Inventory 10,000

    Units Started = 40,000

    Units to account for 50,000

    In the Work In Process for Conversion Costs

    Beginning Work In Process (10,000*20 %) = 2000 were complete

    Work done on beginning inventory = 10,000 - 2,000 = 8,000

    Units Started = 40,000

    Add Ending Inventory (8000*40%) 3200

    Units to account for = 51,200
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