Zorzi Corporation uses a process costing system. The following information is available for one department in December. &
Zorzi Corporation uses a process costing system. The following information is available for one department in December. Percent Completed Units Materials Conversion Work in Process December 1 30,000 65% 30% Work in Process December 31 15,000 80% 40% The Department started 175,000 units into production during the month and transferred 190,000 completed units To the next department.
Required: Compute the equivalent units of production for December assuming that the company uses the weighted-average method of accounting for units and costs. Compute the equivalent units of production for December assuming that the company uses the FIFO method of accounting for units and costs.
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