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Your answer is partially correct. The Nitrogen Fixation Department of Pronghorn Company began the...

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Accounting

Your answer is partially correct.
The Nitrogen Fixation Department of Pronghorn Company began the month of December with work in process inventory of 4,160 units that are 100% complete as to materials and 30% complete as to conversion costs. Units completed and transferred out are 12,480 units. Ending work in process inventory contains 10,400 units that are 100% complete as to materials and 40% complete as to conversion costs.
Compute the equivalent units of production for March for materials and conversion costs for the month of December using the weighted-average method of process costing.
Quantities
Units to be accounted for
Work in process inventory, 121
Started into production
Total units to be accounted for
Units accounted for
Completed and transferred out
Work in process inventory, 1231
Total units accounted for
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