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Business, 08.11.2019 07:31 unknown9263

The matsui lubricants plant uses the weighted-average method to account for its work-in-process inventories. the accounting records show the following information for a particular day. beginning wip inventory direct materials $ 976 conversion costs 272 current period costs direct materials 11,440 conversion costs 6,644 quantity information is obtained from the manufacturing records and includes the following. beginning inventory 600 units (60% complete as to materials, 53% complete as to conversion) current period units started 4,000 units ending inventory 1,200 units (40% complete as to materials, 20% complete as to conversion)

required:
a. compute the equivalent units for the materials and conversion cost calculations.
b. compute the cost per equivalent unit for direct materials and conversion costs.

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