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Consider the following information for Hamburg Corporation: Beginning inventory = 80,000 units Units started during the year = 150,000 units Ending inventory = 62,000 units

Consider the following information for Hamburg Corporation:

Beginning inventory = 80,000 units

Units started during the year = 150,000 units

Ending inventory = 62,000 units

Inventory is 100% done as to materials and 60% done as to conversion.

Materials

Beginning costs (SAR) = 420,000

Costs added during the period (SAR) = 1,250,000

Conversion

Beginning costs (SAR) = 687,000

Costs added during the period (SAR) = 983,000

Using the WEIGHTED AVERAGE method:

  1. Calculate the number of units completed during the period.
  2. Calculate equivalent units for conversion during the period.
  3. Calculate cost per equivalent units for Materials.

Note : kindly solve the 3 points with explaining the steps of solution to better understand

Thank you

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