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Business, 12.04.2021 21:50 drma1084

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, 60,700 units. Transferred out, 51,000 units. Ending inventory, 19,500 units (materials are 100 percent complete; conversion costs are 16 percent complete). Required: a. Compute the equivalent units for materials using FIFO. b. Compute the equivalent units for conversion costs using FIFO.

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