Question: Beginning Work-in-Process is 3,650 units; 55,800 units completed, and ending Work-in-Process is 6,700 units, which are 100% complete for direct materials and 50% complete for
Beginning Work-in-Process is 3,650 units; 55,800 units completed, and ending Work-in-Process is 6,700 units, which are 100% complete for direct materials and 50% complete for conversion costs. The beginning WIP Inventory is 100% complete for direct materials and 50% complete for conversion.
Required:
1. What are the equivalent units for materials and conversion using the weighted-average method?
2. What are the equivalent units for materials and conversion using the FIFO method?
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