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Compute the equivalent units for materials

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Reference no: EM132067593

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 59 percent complete).
  • Started this month, 60,600 units.
  • Transferred out, 50,300 units.
  • Ending inventory, 21,000 units (materials are 100 percent complete; conversion costs are 17 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: EM132067593

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