Answer:
Pitts Enterprises
Materials Conversion
The equivalent units = 225,000 195,000
Explanation:
a) Data and Calculations:
Units Materials Conversion Total
Work in Process, May 1 50,000 100% 40%
Units started in May 225,000
Units completed 200,000
Work in Process, May 31 75,000 100% 20%
Costs of Work in Process $70,500 $34,050 $104,550
Costs incurred in May 342,000 352,950 694,950
Equivalent units:
Units Materials Conversion
Work in Process, May 1 50,000 0 (100%) 30,000 (60%)
Units started and
completed in May 150,000 150,000 (100%) 150,000 (100%)
Work in Process, May 31 75,000 75,000 (100%) 15,000 (20%)
Total equivalent units 225,000 195,000
