1. Beginning WIP inventory is 15,500 units, 75% complete for materials. During the month, 90,000 units were started; 87,000 were finished; and ending WIP was 18,500 units that were 50% complete for materials. � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � How many equivalent units should be used to allocate costs for materials? (Assume that the weighted average method is used, not FIFO.) � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 2. During a period, 38,200 units were completed and 4,200 units were in ending WIP inventory. Ending WIP was 75% complete for direct materials and 50% complete for conversion costs. � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 2a. What are the equivalent units for direct materials? � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � Completed Units � $38,200 � � $38,200 � � � � � � � � � � � � � � Ending Units $4200 (75% complete) � � $3,150 � � � � � � � � � � � � All Units � $42,400 � � $41,350 � � Direct Materials Equivalent Units � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � � 2b. What are the equivalent units for conversion costs?
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