Solution-Compute the equivalent units for materials using

Compute the equivalent units for materials using fifo

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Reference no: EM132693372

Pierce & Company provides the following information concerning the work in process at its plant:

Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 62 percent complete).
Started this month, 59,900 units.
Transferred out, 49,400 units.
Ending inventory, 20,500 units (materials are 100 percent complete; conversion costs are 16 percent complete).

Required:

Question a. Compute the equivalent units for materials using FIFO.

Question b. Compute the equivalent units for conversion costs using FIFO.

Reference no: EM132693372

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Compute the equivalent units for materials using fifo

Reference no: EM132693372

Reference no: EM132693372

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