Solution-Compute the equivalent units for materials using

Compute the equivalent units for materials using FIFO

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Reference no: EM133072334

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 59 percent complete).

Started this month, 60,300 units.

Transferred out, 50,300 units.

Ending inventory, 19,800 units (materials are 100 percent complete; conversion costs are 14 percent complete).

Required -

a. Compute the equivalent units for materials using FIFO.

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

Reference no: EM133072334

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Compute the equivalent units for materials using FIFO

Reference no: EM133072334

Reference no: EM133072334

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