Question:
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, 180,000 units.
Transferred out, 150,000 units.
Ending inventory, 100,000 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.