1. A company manufactures a product that passes through two processes. A quantity schedule for a recent month for the first process is as follows:

Work in process, beginning (60% materials, 75% conversion costs added last month) 20,000

Units stated into production 180,000

Units transferred to the next process 190,000

Work in Process, ending (100% material, 60% conversion costs added this month) 10,000

Costs in the beginning work in process of the first processing department were materials $4,000 and conversion cost $14,200.

Costs added during the month were materials $56,000 and conversion costs $360,360.

Required: Using the weighted average cost method determine the equivalent units for the month for material and conversion. Compute the costs per equivalent unit for the month for the first process.