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Compute the equivalent units for materials costs

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Reference no: EM131780005

Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March.

     
Work in process, March 1 (70% complete as to conversion costs) 153,000  
Units started in March 606,000  
Units transferred to Finishing Department in March 636,000  
Work in process, March 31 (30% complete as to conversion costs) 123,000  

Required:

a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.

b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.

Reference no: EM131780005

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