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Calculate equivalent units for materials and conversion cost

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Reference no: EM132500922

Laser Resources produces and sells laser components and accessories. All materials are added at the beginning of the process. It has compiled the following information regarding its physical units for the month of November:

  • Physical UnitsBeginning work in process, 30% complete for conversion Units started 62,000 Units transferred out 78,000 Ending work in process, 45% complete for conversion 28,000

Required:

Question 1. Using the weighted-average method, reconcile the number of physical units.

Question 2. Using the weighted-average method, calculate equivalent units for materials and conversion cost.

Reference no: EM132500922

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