Question: Brief Exercise 6-22 (Algo) Beginning Work-in-Process is... [LO 6-2, 6-4, 6-5] Beginning Work-in-Process is 6,400 units; 63,300 units completed, and ending Work-in-Process is 7,450 units,
Brief Exercise 6-22 (Algo) Beginning Work-in-Process is... [LO 6-2, 6-4, 6-5]
Beginning Work-in-Process is 6,400 units; 63,300 units completed, and ending Work-in-Process is 7,450 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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