Answer Happy

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 60 percent complete). • Started this month, 60,300 units. • Transferred out, 50,100 units. • Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 13 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. Equivalent Units Materials Conversion costs b.