Question NUmber 1

Missouri Corporation shows the following information concerning the work in process at its plant:

• Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 59 percent complete).
• Started this month, 60,100 units.
• Transferred out, 50,000 units.
• Ending inventory, 19,400 units (materials are 100 percent complete; conversion costs are 15 percent complete).

Required:
(a) Compute the equivalent units for materials using the weighted-average method.

Equivalent Unites:

(b) Compute the equivalent units for conversion costs using the weighted-average method.

Equivalent Unites:

Question number 2:

Missouri Corporation shows the following information concerning the work in process at its plant:

• Beginning inventory was partially complete (materials are 100 percent complete; conversion costs are 61 percent complete).
• Started this month, 60,000 units.
• Transferred out, 50,300 units.
• Ending inventory, 19,600 units (materials are 100 percent complete; conversion costs are 17 percent complete).

Required:
(a) Compute the equivalent units for materials using FIFO.

Equivalent Unites:

(b) Compute the equivalent units for conversion costs using FIFO.

Attachment:- Question Help.docx