A company's records show the following information concerning the work in process in a chemical plant: 1.
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A company's records show the following information concerning the work in process in a chemical plant:
1. Beginning inventory—7,000 partially complete units.
2. Transferred out—18,000 units.
3. Ending inventory—(materials are 10 percent complete; conversion costs are 15 percent complete).
4. Started this month—24,000 units.
a. Compute the equivalent units for materials using weighted-average.
h. Compute the equivalent units for conversion costs using weighted-average.
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