Equivalent unit = Unit transferred out+(Ending WIP*percent completion)
Material = 49900+(20900*100%) = 70800
Conversion Cost = 49900+(20900*14%) = 52826
Pierce & Company provides the following information concerning the work in process at its plant Beginning...
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, 59,400 units. • Transferred out, 49,400 units. • Ending inventory, 20,200 units (materials are 100 percent complete; conversion costs are 16 percent complete). Required: a. Compute the equivalent units for materials using the weighted-average method. b. Compute the equivalent units for conversion costs using...
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.
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, 60,100 units • Transferred out, 50,000 units. • Ending inventory, 19,300 units (materials are 100 percent complete; conversion costs are 17 percent complete). Required: a. Compute the equivalent units for materials using the weighted average method. b. Compute the equivalent units for conversion costs...
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
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 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 62 percent complete). • Started this month, 59,100 units. • Transferred out, 50,400 units. • Ending inventory, 18,900 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...
Chapter 8 Practice Problems < Question 21 (of 41) 21. value 0.12 points 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 40 percent complete). • Started this month, 252,000 units. • Transferred out, 210,000 units. • Ending inventory, 140,000 units (materials are 100 percent complete; conversion costs are 45 percent complete). Required: a. Compute the equivalent units for materials using...
Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially complete gallons. Transferred out, 212,400 gallons. Ending inventory (materials are 20 percent complete; conversion costs are 11 percent complete). Started this month, 242,700 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. Conlon Chemicals manufactures paint thinner. Information on the work in process follows: Beginning inventory, 42,200 partially...
Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process: • Beginning inventory, 43,100 partially complete gallons. • Transferred out, 209,700 gallons. • Ending inventory (materials are 19 percent complete; conversion costs are 9 percent complete). • Started this month, 238,600 gallons. Required: (a) Compute the equivalent units for materials using the weighted-average method. Equivalent units (b) Compute the equivalent units for conversion costs using the weighted-average method. Equivalent units