Pierce & Company provides the following information concerning the work in proce
ID: 2567352 • Letter: P
Question
Pierce & Company provides the following information concerning the work in process at its plant:
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 62 percent complete). Started this month, 60,400 units. . Transferred out, 49,600 units. Ending inventory, 19,200 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 uivalent unitsExplanation / Answer
Particulars
Materials
Conversion Costs
Transferred Out
49600
49600
Ending Inventory
19200
(19200*100%)
3072
(19200*16%)
Total Equivalent Units
68800
52672
Equivalent units for materials using the weighted-average method = 68,800
Equivalent units for Conversion Costs using the weighted-average method = 52,672
Particulars
Materials
Conversion Costs
Transferred Out
49600
49600
Ending Inventory
19200
(19200*100%)
3072
(19200*16%)
Total Equivalent Units
68800
52672