Pierce & Company provides the following information concerning the work in proce

Question

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 58 percent complete). Started this month, 60,800 units Transferred out, 50,200 units. Ending inventory, 19,700 units (materials are 100 percent complete; conversion costs are 16 percent complete) Required a. Compute the equivalent units for materials using the weighted-average method. Equivalent units b. Compute the equivalent units for conversion costs using the weighted-average method. Equivalent units

Explanation / Answer

materials Conversion costs Equivalent unit of production 69900 53352 Equivalent unit weighted average method Material Conversion costs Units in process Beginning* - - unit completed and transfer out 50200 50200 Ending inventory: Unit in process 100% completed- materials 19700 Unit in process 16% completed- convention 3152 Equivalent units of production 69900 53352

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