Problem
Magic Company adds materials at the beginning of the process in Department A. The following information on physical units for Department A for the month of August is available:
|
Work in process, August 1 (59% complete with respect to conversion)
|
16,300
|
|
Started in August
|
120,500
|
|
Completed
|
120,500
|
|
Work in process, August 31 (77% complete with respect to conversion)
|
16,300
|
Required:
a. Compute the equivalent units for materials costs and for conversion costs using the weighted-average method.