The following information concerns Transformation Inc.'s equivalent units in June: $\begin{array}{lr}&\text { Units }\
\text { Beginning work in process ( } 50 \% \text { complete) } & 2,000 \
\text { Units started during June } & 8,000 \
\text { Units completed and transferred } & 10,000 \
\text { Ending work in process ( } 70 \% \text { complete) } & 2,900
\end{array}$ What are Transformation's equivalent units for May when using the weighted average method?

Question

Quizplus · Accepted Answer

The weighted average method calculates equivalent units by adding units completed and transferred out to the equivalent units in ending work in process. Here, 10,000 units were completed and transferred, and the ending work in process is 2,900 units at 70% completion, which equals 2,030 equivalent units (2,900 * 0.7). Therefore, the total equivalent units are 10,000 + 2,030 = 12,030.

The Following Information Concerns Transformation Inc What Are Transformation's Equivalent Units for May When Using the \begin{array}{lr}&\text