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Shirley Processing, Incorporated (SPI) makes adhesive tape. The following information on the physical flow of...

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Accounting

Shirley Processing, Incorporated (SPI) makes adhesive tape. The following information on the physical flow of units and costs for month of March:

Quantities Physical units Percentage Complete
Materials Conversion
Beginning work-in-process 111,000 100% 40%
Started 959,000
To account for 1,070,000
Transferred out 979,500 100% 100%
Ending work in process 90,500 100% 20%
Accounted for 1,070,000
Cost Total Direct Materials Conversion
Beginning work-in-process $ 194,570 $ 171,180 $ 23,390
Current period 1,952,242 1,275,470 676,772
Total $ 2,146,812 $ 1,446,650 $ 700,162

Required:

  1. Compute the equivalent units for the conversion cost calculation for March assuming Shirley Processing, Incorporated uses the weighted-average method.
  2. Compute the cost per equivalent unit for direct materials and conversion costs for March assuming Shirley Processing, Incorporated uses the weighted-average method.
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