WebBusiness Accounting Thayn Company produces an arthritis medication that passes through two departments: mixing and tableting. Thayn uses the weighted average method. Data for February for mixing are as follows: BWIP was zero; EWIP had 36,000 units, 50% complete; and 440,000 units were started. Tableting's data for February are as follows: BWIP ... WebTotal equivalent units does differ between the weighted average and FIFO methods. FIFO defines total equivalent units as units completed plus equivalent units in EWIP minus equivalent units in BWIP. BWIP equivalent units and costs are help apart because it is assumed these are the first units completed and they carry their costs from last period (at …
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3. Compute the cost of goods transferred out for March. - Brainly
WebPhysical Flow Schedule The following information was obtained for the grinding department of Harlan Company for May: a. BWIP had 91,500 units, 30% complete with respect to manufacturing costs. b. EWIP had 25,200 units, 25% complete with respect to manufacturing costs. c. Started 99,000 units in May. Required: Prepare a physical flow … WebThis problem has been solved! You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Question: The blending department had the following data for the month of March: Units in BWIP — Units completed 21,600. Units in EWIP (30% complete) 2,250. Total manufacturing costs $75,735 Required: 1. WebAssign costs to units transferred out and EWIP using the FIFO method. arrow_forward. Holmes Products, Inc., produces plastic cases used for video cameras. The product passes through three departments. For April, the following equivalent units schedule was prepared for the first department: Costs assigned to beginning work in process: direct ... lindsey ashmore