IVVUL 01 Saved Pierce & Company provides the following information concerning the work in process at its plant: 10 points Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete). Started this month, 60,700 units. Transferred out, 50,500 units. Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 16 percent complete). Skipped eBook 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. Print Equivalent Units References a. Materials b. Conversion costs Pierce & Company provides the following information concerning the work in process at its plant: 10 points Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 58 percent complete). Started this month, 60,900 units. Transferred out, 50,200 units. Ending inventory, 20,400 units (materials are 100 percent complete; conversion costs are 16 percent complete). Skipped eBook Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Print Equivalent Units References a. Materials b. Conversion costs Part 1 of 4 Required information The following information applies to the questions displayed below.) Pacific Ink had beginning work-in-process inventory of $1,005,960 on October 1. Of this amount, $423,500 was the cost of direct materials and $582,460 was the cost of conversion. The 61,000 units in the beginning inventory were 30 percent complete with respect to both direct materials and conversion costs. 10 points Skipped During October, 128,000 units were transferred out and 43,000 remained in ending inventory. The units in ending inventory were 80 percent complete with respect to direct materials and 40 percent complete with respect to conversion costs. Costs incurred during the period amounted to $3,314,300 for direct materials and $4,022,730 for conversion. eBook Required: a. Compute the equivalent units for the materials and conversion cost calculations. b. Compute the cost per equivalent unit for direct materials and for conversion costs using the weighted average method. Print References Complete this question by entering your answers in the tabs below. Required Required Compute the equivalent units for the materials and conversion cost calculations. Equivalent units for materials Equivalent units for conversion costs