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Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773

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BuyFindarrow_forward

Managerial Accounting: The Corners...

7th Edition
Maryanne M. Mowen + 2 others
ISBN: 9781337115773
Textbook Problem
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During May, Kimbrell Manufacturing completed and transferred out 100,000 units. In EWIP, there were 25,000 units, 40% complete. Using the weighted average method, the equivalent units are

  1. a. 100,000 units.
  2. b. 125,000 units.
  3. c. 105,000 units.
  4. d. 110,000 units.
  5. e. 120,000 units.

To determine

Identify the equivalent units of output of Company KM by using weighted average method.

Explanation

Equivalent Units of Production:

The total units of finished goods along with those goods that are not fully complete are known as equivalent units of production. In other words, equivalent units of production measures both completed and nearly completed units.

d.

Use the following formula to calculate equivalent unit:

Equivalent units=(Units completed+(Units in EWIP×Fraction completed))=(100,000 units+(25,000 units×

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