Using the weighted-average method, the number of equivalent units of production for direct materials and conversion are 365,600 units and 324,600 units, respectively.
<h3>What are the equivalent units of production?</h3>
Equivalent units of production are an accounting term that describes the amount of work done by a manufacturer on ending units of output at the end of an accounting period so that the partially completed units are expressed in terms of fully completed units.
<h3>Data and Calculations:</h3>
Units Direct Materials Conversion
Beginning work in
process inventory 60,000 60% 40%
Units started this period 322,000
Completed and
transferred out 300,000
Ending work in
process inventory 82,000 80% 30%
<h3>Equivalent units of production:</h3>
Units Direct Materials Conversion
Completed and
transferred out 300,000 300,000 300,000
Ending work in
process inventory 82,000 65,600 (80%) 24,600 (30%)
Total equivalent units 365,600 324,600
Thus, using the weighted-average method, the number of equivalent units of production for direct materials and conversion are 365,600 units and 324,600 units, respectively.
Learn more about calculating equivalent units of production at brainly.com/question/16259709
