Process Costing: Weighted Average Method (Cost Accounting Tutorial #30)

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⌚ Timestamps
0:00 - Introduction
1:45 - Physical Flow Schedule
4:20 - Calculate the Equivalent Units
7:25 - Cost per Equivalent Unit
11:20 - Cost of Goods Transferred Out and EWIP Valuation
13:30 - Cost Reconciliation

In this lesson I'll be preparing a production report using the weighted average method. Make use of the template I provided and follow along as we complete the physical flow schedule, the number of equivalent units, cost per equivalent unit, COG completed/transferred out and a cost reconciliation.

EDIT: I accidentally wrote physical units schedule instead of physical flow schedule. Sorry about that!

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