Compute Equivalent Units: Weighted-Average Method
Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process:
• Beginning inventory, 8,000 partially complete gallons.
• Transferred out, 42,000 gallons.
• Ending inventory (materials are 10 percent complete; conversion costs are 20 percent complete).
• Started this month, 48,000 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.