Matrix Inc. calculates cost for an equivalent unit of production using the weighted-average method.

Data for July:
Work-in-process inventory, July 1 (35,500 units):
Direct materials (96% completed)	$	123,000
Conversion (47% completed)		77,450
Balance in work in process inventory, July 1	$	200,450
Units started during July		86,500
Units completed and transferred		96,800
Work-in-process inventory, July 31:
Direct materials (96% completed)		25,200
Conversion (47% completed)
Cost incurred during July:
Direct materials	$	186,000
Conversion costs		266,500

Total equivalent units for materials under the weighted-average method are calculated to be:

Multiple Choice

• 120,992 equivalent units.

• 108,644 equivalent units.

• 86,500 equivalent units.

• 96,800 equivalent units.

• 91,959 equivalent units.