Fundamentals of Cost Accounting 2nd Edition by William Lanen, Carolyn Wells, Michael Maher

تمرين 6

Compute Equivalent Units: Weighted-Average Method
Missouri Corporation shows 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, 60,000 units.
•Transferred out, 50,000 units.
•Ending inventory, 20,000 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.