Equivalent Units CalculationsWeighted Average Method

Terrace Corporation makes an industrial cleaner in two sequential departments, Compounding and Drying. All material is added at the beginning of the process in the Compounding Department. Conversion costs are added evenly throughout each process. Terrace uses the weighted average method of process costing. In the Compounding Department, beginning work in process was 2,000 pounds (60% processed), 34,000 pounds were started, 32,000 pounds were transferred out, and ending work in process was 70% processed.

Calculate equivalent units for the Compounding Department for August 2016.

Terrace Corporation Flow of Units and Equivalent Units Calculation, August 2016
		Equivalent Units
		% Work done	Direct Materials	% Work Done	Conversion Costs
Complete/Transferred	Answer 32,000	100	32,000	100	32,000
Ending Inventory	Answer 4000	100	4000	70	Answer
Total	Answer 36,000		36,000		34,800

Need answer to the one in bold. It is not 28,000.