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Carver Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for
Carver Inc. uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month: Work in process, beginning: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Units started into production during the month Work in process, ending: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion Required: 1,000 50% 40% 21,000 200 80% 40% Using the weighted-average method, determine the equivalent units of production for materials and conversion costs by compiling the "Quantity Schedule and Equivalent Units" portion of the production report.
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