Pierce & Company provides the following information concerning the work in process at its plant: Beginning inventory
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Question:
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 62 percent complete). Started this month, 59,700 units. Transferred out, 49,500 units. Ending inventory, 19,800 units (materials are 100 percent complete; conversion costs are 16 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.
Related Book For
Elementary Statistics
ISBN: 978-0538733502
11th edition
Authors: Robert R. Johnson, Patricia J. Kuby
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