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What are the equivalent units for materials and conversion

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Reference no: EM133110621

Question - Beginning Work-in-Process is 3,450 units; 72,000 units completed, and ending Work-in-Process is 5,950 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: EM133110621

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