7 Equivalent Units; Cost Reconcillation Weighted Average Method Martin Company manufactures a single product. The company uses the weighted-average method mis process costing system. Activity for June has just been completed. An incomplete production report for the first processing department follows: City Schedule and Equivalent Units Quantity Schedule Units to be accounted for. Work in process, June 1 (materials 10,000 80% complete, labor and overhead 60% complete). Started into production.. Total urats 64.000 74.000