Question

Pierce & Company provides the following information concerning the work in process at its plant:

1. Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete)

2. Started this month, 60,200 units.

3. Transferred out, 49,100 units.

4. Ending inventory, 19,200 units (materials are 100 percent complete; conversion costs are 14 percent complete)

Required:

a. Compute the equivalent units for materials using the weighted-average method.

b. Compute the equivalent units for conversion costs using the weighted-average method.

Answer 1

ANSWER

	Materials	Conversion Costs
Units transferred out	49,100	49,100
Equivalent units in ending inventory:
Materials: 100% × 19,200 units	19,200
Conversion costs: 14% × 19,200 units		2,688
Total equivalent units for all work done to date	68,300	51,788

---------------------------------------------------------------------

DEAR STUDENT,
If you have any query or any Explanation please ask me in the comment box, i am here to helps you.please give me positive rating.

*****************THANK YOU**************