Assume each of the following conditions concerning the data given:
All materials are added at the beginning of the process.
All materials are added at the end of the process. Half of the materials are added at the beginning of the process, and the balance of the materials is added when the units are three-fourths completed.
In all cases, labor and factory overhead are added evenly throughout the process.

Compute separate equivalent units of production, one for materials and one for labor and factory overhead, for each of the conditions listed, using (a) the weighted average cost method and (b) the FIFO cost method.
Equivalent Units - Weighted average cost
Materials Labor and
Factory Overhead
a. (1) Department 1
Department 2
Department 3
a. (2) Department 1
Department 2
Department 3
a. (3) Department 1
Department 2
Department 3
Equivalent Units - FIFO Cost
Materials Labor and
Factory Overhead
b. (1) Department 1
Department 2
Department 3
b. (2) Department 1
Department 2
Department 3
b. (3) Department 1
Department 2
Department 3

Transcribed Image Text:

Units Dept. 1 Dept. 2 1,500 Production Summary Work in process, beginning of month .... Stage of completion...... Started in process.. Dept. 3 1,200 4/5 3,000 1/2 3/5 18,000 19,000 16,000 15,500 21,000 Finished and tra nsferred Work in process, end of month. Stage of completion....... 21,000 1,200 2,000 2,000 1/2 1/4 3/4