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Process costing using the weighted average method

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA MA – FIA FMA › Process costing using the weighted average method

  • This topic has 1 reply, 2 voices, and was last updated 2 years ago by John Moffat.
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  • January 19, 2023 at 2:15 am #676971
    @BrianErisa123
    Participant
    • Topics: 1
    • Replies: 0
    • ☆

    Thank you sir for the lectures. Really informative.

    I must ask though how come in the example you calculated, you still considered the started work in progress materials as 15000 units yet when it came to the closing work in progress labour and overheads, you considered the equivalent units of 25000?

    I expected to have 0 units under opening work in progress for materials, equivalent units for opening WIP for labour as it was done for the closing WIP in for labour &overheads and materials.

    January 19, 2023 at 10:29 am #677025
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54699
    • ☆☆☆☆☆

    I assume that you are referring to example 3, because if so I do not really understand what you have written.

    The opening WIP was 15,000 as per the question. The closing WIP is not 25,000 but is 5,000 units, again as per the question.

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