Equivalent Units – The Easy Way

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    Topic
  • #179526

    This formula seems to work for me:

    Units Completed

    + Ending wip (% complete)

    = Weighted Average

    Weighted Average

    – Beginning wip (% complete)

    = FIFO

    Will this formula lead me astray in unusual circumstances? I asked my Becker teacher, and they said just to do it the way the book does, which is overly complicated in my opinion. Thoughts before I commit to it on the test would be appreciated, seems to work on Becker MC.

    ALL 4 parts passed summer 13
    Ethics October 13
    Experience (waiting)

    Becker Only

Viewing 3 replies - 1 through 3 (of 3 total)
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  • #430811
    Anonymous
    Inactive

    This is really helpful… I feel like the review materials I read totally over complicated it, and if you take a step back, it's really just a simple formula like the one you posted. Thanks!

    #430812
    Anonymous
    Inactive

    That is great! should work, Peter Olinto would be proud

    #430813
    Anonymous
    Inactive

    That's what I used and it never led me astray.

Viewing 3 replies - 1 through 3 (of 3 total)
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