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question at the beginning of august 20×1 xyz corporation had 100 units in beginning 4287115

Question

At the beginning of August 20×1, XYZ Corporation had 100 units in beginning work in process, which were 100% complete with respect to materials and 20% complete with respect to conversion. XYZ started 500 units during August. Ending work in process consisted of 50 units, which were 100% complete with respect to materials and 60% complete with respect to conversion.

a.         Calculate XYZ’s equivalent units for August using the FIFO method. [1 point]

b.         Calculate XYZ’s equivalent units for August using the weighted average method.           [1 point]

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