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Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows: ...

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Accounting

Patton Dyes manufactures colorings, primarily for textiles. Information on the work in process follows:

  • Beginning inventory, 140,000 partially complete liters.
  • Ending inventory, 110,000 liters; units are 25 percent complete with respect to materials and 60 percent complete with respect to conversion costs.
  • Started this month, 695,000 liters.

Required:

  1. Compute the equivalent units for materials using the weighted-average method.
  2. Compute the equivalent units for conversion costs using the weighted-average method.

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