Answer:
Equivalent Units |
||
a. | Materials | 69,300 |
b. | Conversion costs | 53,281 |
Calculations:
Under Weighted average method, Equivalent units,
i. For Materials
Materials | ||
% of Completion | Equivalent units | |
Units Transferred out | 100% | 50,000 |
Ending inventory | 100% | 19,300 |
Total Equivalent units | 69,300 |
ii.For conversion:
Conversion | ||
% of Completion | Equivalent units | |
Units Transferred out | 100% | 50,000 |
Ending inventory (19,300 x 17%) | 17% | 3,281 |
Total Equivalent units | 53,281 |
Pierce & Company provides the following information concerning the work in process at its plant: •...
Pierce & Company provides the following information concerning the work in process at its plant: Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete). Started this month, 59,500 units. Transferred out, 50,600 units. Ending inventory, 19,900 units (materials are 100 percent complete; conversion costs are 15 percent complete). 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.
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Pierce & Company provides the following information concerning the work in process at its plant Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). Started this month, 59,900 units. Transferred out, 49,900 units. Ending inventory, 20,900 units (materials are 100 percent complete; conversion costs are 14 percent complete). 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. Equivalent...
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Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 60 percent complete). • Started this month, 60,900 units. • Transferred out, 50,200 units. • Ending inventory, 20,500 units (materials are 100 percent complete; conversion costs are 16 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: • Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). • Started this month, 60,400 units. • Transferred out, 50,400 units. • Ending inventory, 19,900 units (materials are 100 percent complete; conversion costs are 15 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO. Equivalent...
Pierce & Company provides the following information concerning the work in process at its plant: .Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete). Started this month, 60,300 units Transferred out, 50,500 units. Ending inventory, 19,500 units (materials are 100 percent complete; conversion costs are 15 percent complete) Required: a. Compute the equivalent units for materials using FIFO Equivalent units b. Compute the equivalent units for conversion costs using FIFO. Equivalent units
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