Solution-Determine the equivalent units for materials

Determine the equivalent units for materials

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Reference no: EM13516362

Evaluate Equivalent Units: Weighted-Average Method

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 60 percent complete).
• Started this month, 180,000 units.
• Transferred out, 150,000 units.
• Ending inventory, 100,000 units (materials are 100 percent complete; conversion costs are 15 percent complete).

Required

a. Compute the equivalent units for materials using FIFO.

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

Reference no: EM13516362

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Determine the equivalent units for materials

Reference no: EM13516362

Reference no: EM13516362

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