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 60 percent)
- Started this month, 60,200 units.
- Transferred out, 49,700 units.
- Ending Inventory, 19,800 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 the weighted-average method.
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