Clean Corporation manufactures liquid window cleaner. The following information concerns its work in process:
Beginning inventory, 8,000 partially complete gallons
Transferred out, 42,000 gallons
Ending inventory (materials are 10 percent complete; conversion costs are 20 percent complete)
Started this month 48,000 gallons
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.