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Johnson Beverage Company processes flavored water drinks. Information on the work in process follows: ...

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Accounting

Johnson Beverage Company processes flavored water drinks. Information on the work in process follows:
Beginning inventory, 44,100 partially complete gallons.
Transferred out, 213,100 gallons.
Ending inventory (materials are 21 percent complete; conversion costs are 10 percent complete).
Started this month, 242,900 gallons.
Required:
a. Compute the equivalent units for materials using the weighted-average method.
b. Compute the equivalent units for conversion costs using the weighted-average method.
\table[[,,\table[[Equivalent Units],[(gallons)]]],[a.,Materials,],[b.,Conversion costs,]]
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