Conlon Chemicals manufactures paint thinner. Information on the work in process follows:

• Beginning inventory, 40,900 partially complete gallons.
• Transferred out, 206,000 gallons.
• Ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete).
• Started this month, 243,900 gallons.

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.

Answer rating: 100% (QA)

To compute the equivalent units for materials and conversion costs using the weightedaverage method we need to consider the units in the beginning inventory units started and completed during the peri... View the full answer