Compute the number of equivalent units with respect to direct materials using the weighted-average method....
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Accounting
Compute the number of equivalent units with respect to direct materials using the weighted-average method.
| Units | Direct Materials Percent Complete | Conversion Percent Complete | |
|---|---|---|---|
| Beginning work in process inventory | 35,000 | 100% | 55% |
| Units started and completed | 110,000 | ||
| Units completed and transferred out | 145,000 | ||
| Ending work in process inventory | 40,000 | 100% | 30% |
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