Pierce & Company provides the following information concerning the work in proce

Question

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

Pierce & Company provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). Started this month, 60,400 units. . Transferred out, 49,600 units. Ending inventory, 19,200 units (materials are 100 percent complete; conversion costs are 16 percent complete Required a. Compute the equivalent units for materials using the weighted-average method. Equivalent units b. Compute the equivalent units for conversion costs using the weighted-average method uivalent units

Explanation / Answer

Particulars

Materials

Conversion Costs

Transferred Out

49600

49600

Ending Inventory

19200
(19200*100%)

3072
(19200*16%)

Total Equivalent Units

68800

52672

Equivalent units for materials using the weighted-average method = 68,800

Equivalent units for Conversion Costs using the weighted-average method = 52,672

Particulars

Materials

Conversion Costs

Transferred Out

49600

49600

Ending Inventory

19200
(19200*100%)

3072
(19200*16%)

Total Equivalent Units

68800

52672

Related Questions

Navigate

• Browse (All)
• Browse P
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.