Need another assignment done. Do not round any numbers until you get to the total
Need another assignment done. Do not round any numbers until you get to the total. Thank you!
ATTACHMENT PREVIEW Download attachmentDeVry UniversityACCT346 Weekly AssignmentWeek 32a. What are the equivalent units for direct materials?2b. What are the equivalent units for conversion costs?Directions: Your assignment this week is to answer the two questions below. Please note that Question#2 has 2 parts, Part A and Part B. Please show your work for full creditand use the box provided.Please add more rows or columns to the box if needed.1.Beginning WIP inventory is 15,500 units, 75% complete for materials. During themonth, 90,000 units were started; 87,000 were Fnished; and ending WIP was 18,500units 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 endingWIP inventory. Ending WIP was 75% complete for direct materials and 50%complete for conversion costs.
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