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

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 40 percent complete).
• Started this month, 252,000 units.
• Transferred out, 210,000 units.
• , 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.
Ending Inventory
The ending inventory is the amount of inventory that a business is required to present on its balance sheet. It can be calculated using the ending inventory formula Ending Inventory Formula =...