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What are the equivalent units for materials

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Reference no: EM133104781

Question - "Beginning Work-in-Process is 4,050 units; 72,500 units completed, and ending Work-in-Process is 7,950 units, which are 100% complete for direct materials and 50% complete for conversion costs. The beginning WIP Inventory is 100% complete for direct materials and 50% complete for conversion."

Required -

1. What are the equivalent units for materials and conversion using the weighted-average method?

2. What are the equivalent units for materials and conversion using the FIFO method?

Reference no: EM133104781

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