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Ron and Hillary Ice Cream Company shows the following information concerning the WIP at its plant: Beginning inventory, partially complete. Transferred out, 22,000 units. Ending

Ron and Hillary Ice Cream Company shows the following information concerning the WIP at its plant:

Beginning inventory, partially complete.

Transferred out, 22,000 units.

Ending inventory, 10,000 units (materials, 20 percent complete; conversion costs; 10 percent complete).

Started this month, 25,000 units.

Required: SHOW WORK

Compute the number of equivalent units for materials using the weighted-average method.

Compute the number of equivalent units for conversion costs using the weighted-average method.

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