Equivalent Units of Production. Klein Products had $300$ units in beginning WIP inventory.

During the period $600$ units were started into production, and $400$ were completed and

transferred out. $500$ units were partially completed in Ending Work In Process. These $500$ units

were $90\%$ complete for Assembly and $70\%$ complete for Packaging. Cost of beginning WIP

inventory were $$4,000$ for Assembly and $$8,000$ for Packaging. Costs incurred during the period

were $$9,000$ for Assembly and $$7,000$ for Packaging.

Homework Problem #$1$: Using the Weighted Average method, compute the Equivalent Units of

Production and the Cost Per Equivalent Unit for both Assembly and for Packaging. Use the

example on page $203$ of the text as a guide to prepare your schedule.