Aaron Company has a process costing system. All materials are introduced when conversion costs reach 50 percent. The following information is available for physical units during March.
| |
|
|
| Work in process, March 1 (70% complete as to conversion costs) |
153,000 |
|
| Units started in March |
606,000 |
|
| Units transferred to Finishing Department in March |
636,000 |
|
| Work in process, March 31 (30% complete as to conversion costs) |
123,000 |
|
Required:
a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.
b. Compute the equivalent units for materials costs and for conversion costs using the FIFO method.