Magic Company adds materials at the beginning of the process in Department A. The following information...

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Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available. Work in process, August 1 (59% complete with respect to conversion) Started in August Completed Work in process, August 31 (71% complete with respect to conversion) Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. a Using the weighted average method b. Using the FIFO method Equivalent Units Materials 16,200 121,100 121,100 16,200 Conversion Costs Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available. Work in process, August 1 (59% complete with respect to conversion) Started in August Completed Work in process, August 31 (71% complete with respect to conversion) Required: a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method. b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method. a Using the weighted average method b. Using the FIFO method Equivalent Units Materials 16,200 121,100 121,100 16,200 Conversion Costs

Answer rating: 100% (QA)

ANSWER a Equivalent units for materials costs 15600 16200 31800 Equivalent units for conversion ... View the full answer