Take me to the text Patrice Company employs process costing and uses the weighted-average method...
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Take me to the text Patrice Company employs process costing and uses the weighted-average method to cost its inventory. Raw materials are added at the beginning of the process. At the beginning of the period, the company had 470 units in its work in process inventory. Of that amount, 61% was complete with respect to conversion costs. In addition, the company started another 1,480 units during the period. Ignore transferred-in costs. De not enter dollar signs or commas in the input boxes. Round all answers to the nearest whole unit. a) If Patrice finished and transferred out 1,100 units to finished goods, how many units were in ending inventory? b) What are the equivalent units of production for materials and conversion costs, assuming that the ending inventory is 45% complete as to conversion cost
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