Answer:
a) Equivalent Units 19400
b) Cost per equivalent unit of production for materials = $ 1.4536 per unit
Step-by-step explanation:
The Plastic Flowerpots Company
Weighted Average Method
Equivalent Units
Particulars Units % of Completion Equivalent Units
Materials Materials
BWIP 2000 70 % 1400
Units Started 18000 18000
Equivalent Units 19400
Equivalent Units
Particulars Units % of Completion Equivalent Units
Materials Materials
Completed 17000 100 % 17000
EWIP 3000 80% 2400
Equivalent Units 19400
The equivalent units under the weighted average method are found by either adding the BWIP and units started or the EWIP and the units completed.
Beginning work in process inventory (direct materials) $ 1,200
Direct materials added during the month 27,900
Total Materials Cost $ 28,200
b) Cost per equivalent unit of production for materials = $ 28,200/ 19400=
$ 1.4536 per unit