8-18

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

• Beginning inventory, 37,900 partially complete gallons.
• Transferred out, 208,400 gallons.
• Ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete).
• Started this month, 240,800 gallons.

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.

Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

• Beginning inventory, 43,200 partially complete gallons.
• Transferred out, 214,100 gallons.
• Ending inventory (materials are 19 percent complete; conversion costs are 12 percent complete).
• Started this month, 236,100 gallons.

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.