Managerial accounting

Q-3 Peter Puck Company has the following production data for June: 10 marks - Beginning Work in Process, 0 units - Units transferred out, 87,000 - Units in ending Work in Process, 23,000, which are 40% complete for conversion costs Materials are added only at the beginning of the process. Calculate equivalent units of production for both materials and conversion costs using the weighted-average method. Solution Equivalent Units _( QUANTITIES P_hysical Units Materials Conversion Costs Units to be accounted for Work in process, Jun I Started into production Total units Units accounted for Transferred out Work in process, Jun 30 Total units