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Compute the equivalent units for conversion costs

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Reference no: EM132722565

Problem - 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 40 percent complete).

Started this month, 252,000 units.

Transferred out, 210,000 units.

Ending inventory, 140,000 units (materials are 100 percent complete; conversion costs are 45 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.

Reference no: EM132722565

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