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Compute the equivalent units for materials

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Reference no: EM13516379

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.

Reference no: EM13516379

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