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Compute the equivalent units for conversion costs

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Reference no: EM133106053

Question - Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

Beginning inventory, 42,000 partially complete gallons.

Transferred out, 210,300 gallons.

Ending inventory (materials are 18 percent complete; conversion costs are 11 percent complete).

Started this month, 237,200 gallons.

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: EM133106053

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