Solution-Compute the equivalent units for materials using

Compute the equivalent units for materials using FIFO

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Reference no: EM132562394

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 60 percent complete).

Started this month, 60,800 units.

Transferred out, 50,500 units.

Ending inventory, 20,500 units (materials are 100 percent complete; conversion costs are 17 percent complete).

Required -

a. Compute the equivalent units for materials using FIFO.

b. Compute the equivalent units for conversion costs using FIFO.

Reference no: EM132562394

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Compute the equivalent units for materials using FIFO

Reference no: EM132562394

Reference no: EM132562394

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