48) The following information is provided by Wilson Company: WIP inventory, January 1 0 units Units started 50,000 units Units completed and transferred out 37,500 units WIP inventory, December 31 3,000 units Direct materials $52,000 Direct labor $35,000 Manufacturing overhead $54,000 The units in ending WIP inventory were 65% complete for materials and 45% complete for conversion costs. Required A. What are the total equivalent units for direct materials? B. At the end of the year, what are the equivalent units for conversion costs?

48) The following information is provided by Wilson Company: WIP inventory, January 1 0 units Units started 50,000 units Units completed and transferred out 37,500 units WIP inventory, December 31 ...

48) The following information is provided by Wilson Company:

WIP inventory, January 1	0 units
Units started	50,000 units
Units completed and transferred out	37,500 units
WIP inventory, December 31	3,000 units
Direct materials	$52,000
Direct labor	$35,000
Manufacturing overhead	$54,000

The units in ending WIP inventory were 65% complete for materials and 45% complete for conversion costs.

Required

A.
What are the total equivalent units for direct materials?

B.
At the end of the year, what are the equivalent units for conversion costs?

May 15, 2022