FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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Equivalent Units of Production: Weighted average method

Units of production data for the two departments of Atlantic Cable and Wire Company for July of the current fiscal year are as follows:

  Drawing Department Winding Department
Work in process, July 1 1,250 units, 50% completed 400 units, 35% completed
Completed and transferred to next
    processing department during July
19,700 units 19,500 units
Work in process, July 31 900 units, 65% completed 600 units, 25% completed

Each department uses the Weighted average method. For each department, assume that direct materials are placed in process during production.

a.  Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Drawing Department.

Whole units  units
Equivalent units of production  units

b.  Determine the number of whole units to be accounted for and to be assigned costs and the equivalent units of production for the Winding Department.

Whole units  units
Equivalent units of production  units
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