The following refers to units processed by a breakfast cerea…
The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production with respect to conversion for August using the weighted-average inventory method. Conversion Units Percent Complete Beginning work in process inventory 231,000 60% Units started this period 531,000 Units completed and transferred out 583,700 Ending work in process inventory 178,300 60%