Enterprise Company

Enterprise Company has the following information available for March:

Beginning Work in Process Inventory (100% complete as to materials, 40% complete as to conversion)	7,000 units
Started this period	32,000 units
Units completed & transferred out	36,500 units
Ending Work in Process Inventory (100% complete as to materials, 25% complete as to conversion)	2,500 units

1. Calculate equivalent units of production using Weighted Average. The chart below should help:

Materials Conversion

Beg. WIP
Units started & completed
End WIP
Equivalent Units

2. Calculate equivalents units of production for both materials and conversion using FIFO. The chart below should help:

Materials Conversion

Beg. WIP
Units started & completed
End WIP
Equivalent Units