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Patrice Company employs process costing and uses the weighted-average method to cost its inventory. Raw materials are added at the beginning of the process. At

Patrice Company employs process costing and uses the weighted-average method to cost its inventory. Raw materials are added at the beginning of the process. At the beginning of the period, the company had 660 units in its work in process inventory. Of that amount, 54% was complete with respect to conversion costs. In addition, the company started another 1,060 units during the period. Ignore transferred-in costs.

Do not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole unit. a) If Patrice finished and transferred out 1,010 units to finished goods, how many units were in ending inventory?

Inputs Outputs
Beginning WIP Add Current Month Total Production Completed Transfer Out Ending WIP Total Outputs
Direct Materials Units

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b) What are the equivalent units of production for materials and conversion costs, assuming that the ending inventory is 48% complete as to conversion cost?

Inputs Outputs
Beginning WIP Add Current Month Total Production Completed Transfer Out Ending WIP Total Outputs
Direct Materials Units

Answer

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% Equivalent Completed

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%

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%

Conversion Equivalent Units

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