(EUP; weighted average) Pacioli Pasta uses a weighted average process costing system. All material is added at the start of the production process. Direct labor and overhead are added at the same rate throughout the process. Pacioli’s records indicate the following production for February 1997:

Ending inventory for February is 20 percent complete as to conversion.

a. What are the equivalent units of production for direct material?

b. What are the equivalent units of production for labor and overhead?LO1

Transcribed Image Text:

Beginning inventory (70% complete Started during February Completed during February as to conversion) 12,000 units 17,000 units 26,000 units