Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units

Middelton Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for October:

1. All materials are added at the beginning of the process.
2. Beginning work in process had 125,000 units, 40 percent complete with respect to conversion costs.
3. Ending work in process had 25,000 units, 20 p

1. EX.06.16

Weighted Average Method, FIFO Method, Physical Flow, Equivalent Units Middelton Company manufactures a product that passes through two processes: Fabrication and Assembly. The following information was obtained for the Fabrication Department for October: a. All materials are added at the beginning of the process. b. Beginning work in process had 125,000 units, 40 percent complete with respect to conversion costs. c. Ending work in process had 25,000 units, 20 percent complete with respect to conversion costs. d. Started in process, 175,000 units. Required: 1. Prepare a physical flow schedule. blank Middelton Company Physical Flow Schedule Units to account for: blank Units, beginning work in process 125,000 Units started 175,000 Total units to account for 300,000 Units accounted for: blank blank Units completed and transferred out: Started and completed 125,000 X From beginning work in process 150,000 X Units, ending work in process 25,000 Total units accounted for 300,000