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 61 percent complete). • Started this month, 60,100 units. • Transferred out, 51,000 units. • Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 15 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. Equivalent Units a. Materials b. Conversion costs

Question
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 61 percent complete).
• Started this month, 60,100 units.
• Transferred out, 51,000 units.
• Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 15 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.
Equivalent
Units
a.
Materials
b.
Conversion costs
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Transcribed Image Text

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 61 percent complete). • Started this month, 60,100 units. • Transferred out, 51,000 units. • Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 15 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. Equivalent Units a. Materials b. Conversion costs

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