Business, 06.05.2020 02:13 24chrim

Pierce & Company provides the following information concerning the work in process at its plant:

Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete).
Started this month, 59,700 units.
Transferred out, 50,500 units.
Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 14 percent complete).

Required
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.

Answers: 3

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