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Pierce & Company provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete;

Pierce & Company provides the following information concerning the work in process at its plant:

  • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 40 percent complete).

  • Started this month, 252,000 units.

  • Transferred out, 210,000 units.

  • Ending inventory, 140,000 units (materials are 100 percent complete; conversion costs are 45 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.

equivalent units

a materials ?

b conversion costs ?

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