Reference no: EM13851516
Question NUmber 1
Missouri Corporation shows 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, 60,100 units.
• Transferred out, 50,000 units.
• Ending inventory, 19,400 units (materials are 100 percent complete; conversion costs are 15 percent complete).
Required:
(a) Compute the equivalent units for materials using the weighted-average method.
Equivalent Unites:
(b) Compute the equivalent units for conversion costs using the weighted-average method.
Equivalent Unites:
Question number 2:
Missouri Corporation shows the following information concerning the work in process at its plant:
• Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete).
• Started this month, 60,000 units.
• Transferred out, 50,300 units.
• Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 17 percent complete).
Required:
(a) Compute the equivalent units for materials using FIFO.
Equivalent Unites:
(b) Compute the equivalent units for conversion costs using FIFO.
Attachment:- Question Help.docx
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