Computing Equivalent Units, FIFO and Weighted Average Cost Methods Assume each of the following conditions concerning the data given: All materials are added at the beginning of the process. All

Computing Equivalent Units, FIFO and Weighted Average Cost Methods 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. (Note that this would have to be a department subsequent to the first department for all materials to be added at the end of the process, but ignore that fact for purposes of this solution.) 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. Transcribed Image Text: Dept. 1
Units finished and transferred
19,000
Units in process, end of month
Equivalent units-materials
2,000
21,000
Units finished and transferred
19,000
Units in process, end of month,
Equivalent units-labor and factory overhead
completed
2,000
20,500
Dept. 2 Units finished and transferred
Units in process, end of month
Equivalent units-materials
Units finished and transferred
Units in process, end of month,
Equivalent units-labor and factory overhead
completed
Dept. 3 Units finished and transferred
Units in process, end of month
Equivalent units-materials
Units finished and transferred
Units in process, end of month,
Equivalent units-labor and factory overhead
completed
Dept. 1 Units finished and transferred
Units in process, end of month
Equivalent units-materials
Units finished and transferred
Units in process, end of month,
Equivalent units-labor and factory overhead
completed
Dept. 2 Units finished and transferred
Units in process, end of month
Equivalent units-materials
Units finished and transferred
Units in process, end of month,
Equivalent units-labor and factory overhead
completed
Dept. 3 Units finished and transferred
Units in process, end of month
Equivalent units-materials
Units finished and transferred
Units in process, end of month,
completed
Equivalent units-labor and factory overhead Transcribed Image Text: Units
Production Summary
Dept. 1 Dept. 2 Dept. 3
Work in process, beginning of month .
3,000
1,500
1,200
Stage of completion….
1/2
3/5
4/5
Started in process..
18,000
16,000
21,000
Finished and transferred
19,000
15,500
21,000
Work in process, end of month.
2,000
2,000
1,200
Stage of completion…
3/4
1/2
1/4

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