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Determine Levittown equivalent units for direct materials

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Question - Levittown Company employs a process cost system for its manufacturing operations. All direct materials are added at the beginning of the process and conversion costs are added proportionately. Levittown's production quantity schedule for November is reproduced in the next column.

Work-in-process November 1 (60% complete as to conversion costs) 1,400

Units started during November 5,400

Total units to account for 6,800

Units completed and transferred out from beginning inventory 1,400

Units started and completed during November 3,400

Work-in-process on November 30 (20% complete as to conversion costs) 2,000

Total units accounted for 6,800

Required -

1. Using the FIFO method, determine Levittown's equivalent units for direct materials for November?

2. Using the weighted-average method, determine Levittown's equivalent units for direct materials for November?

Reference no: EM132869672

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