Ron and Hillary Ice Cream Company shows the following information rane :: th e WIP at its planty 1. Beginning inventory, partially complete.

59920 \

/

a Sterz "4 Transferred out, 22,000 units.

3. Ending inventory, 10,000 units (materials, 20 percent complete; conversion costs, 10 percent complete).

4. Started this month, 25,000 units. TO AApo0 ET / o O99 L088 Required Va Exercise 8.22 IZlae0 Ne

= Fea Dace 329 Exercise 8.21 Equivalent Units Computation, FIFO Method

(Appendix A)

{LO 7)

eee Equivalent Units Computed, Weighted-Average Method

(LO 4)

7000 FR022 =Z ¥Good aZe0o

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

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