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Beginning Inventory Units Material Costs Conversion Costs 48,000 3,000 $4,500 Started During the Current Period 20,000 Ending Inventory 2,500 $4,800 65,000 All materials are added
Beginning Inventory Units Material Costs Conversion Costs 48,000 3,000 $4,500 Started During the Current Period 20,000 Ending Inventory 2,500 $4,800 65,000 All materials are added at the beginning of the production process. The beginning inventory was 30% complete as to conversion, while the ending inventory was 40% completed for conversion purposes. Use weighted average methods and calculate the equivalent units in materials and in conversion cost
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