Reference: 04-17 Hurley Co. utilizes process costing in its manufacturing company for a product that passes through two departments. Data relating to the product processed in Department 2, during March are presented as follows: Direct Material Physical Units Conversion Costs Costs Work in Process 10,000 $100,000 $332,500 beginning Started into 60,000 $305,000 $900,000 Processing The units in beginning work in progress were 60% complete with respect to direct materials and 70% complete with respect to conversion costs. The company had 20,000 units on hand at the end of the period which were 50% complete as to materials and 40% complete as to conversion costs. Required: a. Prepare a quantity schedule. b. Compute the equivalent units for Department 2, according to the weighted average method Type here to search