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Weighted Average Method, Equivalent Units Goforth Company produces a product where all manufacturing inputs are...

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Accounting

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Weighted Average Method, Equivalent Units Goforth Company produces a product where all manufacturing inputs are applied uniformly. Goforth produced the following physical flow schedule for April Units to account for: Units in BWIP (40% complete) Units started 180,000 520,000 Total units to account for 700,000 Units accounted for: Units completed: From BWIP 180,000 Started and completed 312,000 492,000 Units, EWIP (70% complete) 208,000 Total units accounted for 700,000 Required: Prepare a schedule of equivalent units using the weighted average method. Goforth Company Schedule of equivalent units (Weighted Average Method) Units completed Units in ending work in process x fraction complete: be Equivalent units of output

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