# ACCT 346 Week 3 Homework Assignment

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1. Beginning WIP inventory is 15,500 units, 75% complete for materials. During the month, 90,000 units were started; 87,000 were finished; and ending WIP was 18,500 units that were 50% complete for materials.

How many equivalent units should be used to allocate costs for materials? (Assume that the weighted average method is used, not FIFO.)

2.  During a period, 38,200 units were completed and 4,200 units were in ending WIP inventory. Ending WIP was 75% complete for direct materials and 50% complete for conversion costs.

2a. What are the equivalent units for direct materials?

Completed Units         \$38,200           \$38,200

Ending Units   \$4200 (75% complete)            \$3,150

All Units         \$42,400           \$41,350           Direct Materials  Equivalent Units

2b. What are the equivalent units for conversion costs?

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