Question
.Missouri Corporation shows the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion
.Missouri Corporation shows the following information concerning the work in process at its plant: |
Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). | |
Started this month, 59,500 units. | |
Transferred out, 50,900 units. | |
Ending inventory, 19,300 units (materials are 100 percent complete; conversion costs are 15 percent complete). |
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 |
Missouri Corporation shows the following information concerning the work in process at its plant: |
Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). | |
Started this month, 59,600 units. | |
Transferred out, 50,000 units. | |
Ending inventory, 19,700 units (materials are 100 percent complete; conversion costs are 17 percent complete). |
Required: |
(a) | Compute the equivalent units for materials using FIFO. |
(b) | Compute the equivalent units for conversion costs using FIFO. |
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