Exercise 8-20 (Static) Compute Equivalent Units: Weighted- Average Method (LO 8-1, 3) Trevor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-in-process in December follows: . Beginning inventory, 16,000 partially complete units, 10 percent complete with respect to conversion costs. • Units started in December, 77,000 units. • Units transferred out in December, 73,000 units. Ending inventory, 20,000 units, 62 percent complete with respect to conversion costs. Required: Compute the equivalent units for materials and conversion costs for December using the weighted-average method. Materials Conversion Costs Equivalent Units

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter3: Process Cost Systems
Section: Chapter Questions
Problem 14E: Cost per equivalent unit The following information concerns production in the Forging Department for...
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Exercise 8-20 (Static) Compute
Equivalent Units: Weighted-
Average Method (LO 8-1, 3)
Trevor Mills produces agricultural feed at
its only plant. Materials are added at the
beginning of the process. Information on
work-in-process in December follows:
.
Beginning inventory, 16,000 partially
complete units, 10 percent complete
with respect to conversion costs.
• Units started in December, 77,000 units.
• Units transferred out in December,
73,000 units.
Ending inventory, 20,000 units, 62
percent complete with respect to
conversion costs.
Required:
Compute the equivalent units for
materials and conversion costs for
December using the weighted-average
method.
Materials
Conversion Costs
Equivalent
Units
Transcribed Image Text:Exercise 8-20 (Static) Compute Equivalent Units: Weighted- Average Method (LO 8-1, 3) Trevor Mills produces agricultural feed at its only plant. Materials are added at the beginning of the process. Information on work-in-process in December follows: . Beginning inventory, 16,000 partially complete units, 10 percent complete with respect to conversion costs. • Units started in December, 77,000 units. • Units transferred out in December, 73,000 units. Ending inventory, 20,000 units, 62 percent complete with respect to conversion costs. Required: Compute the equivalent units for materials and conversion costs for December using the weighted-average method. Materials Conversion Costs Equivalent Units
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