Equivalent Units; Applying CostsWeighted-Average Method

Production and cost data for the month of February for Process X of the Couillard Manufacturing Company follow:

Production record: Units in process, February 1 (100% complete with respect to materials; 25% complete with respect to conversion cost) 2,000 New units started in process 8,000 Units completed 7,000 Units in process, February 28 (100% complete with respect to materials; 1/3 complete with respect to conversion cost) 3,000Cost record: Work in process inventory, February 1: Materials $600 Conversion 100 700 Costs for February: Materials issued 2,560 Conversion 1,500 Total cost to be accounted for $ 4,760