5. ABC Corporation uses the weighted average method in its process costing. The following information for its Refining Department for February: WIP, Beginning inventory 30,000 units % completed Material cost Conversion cost 70% 40% 400,000 units Units started into production during February Units completed and transferred out to next department WIP, Ending inventory 350,000 units 60,000 units 80% 30% Required: Determine the equivalent units of production for the Refining Department for February using the weighted average method