Set 1: Please answer the following questions:

The following refers to units processed by a breakfast cereal maker in August. Compute the total equivalent units of production with respect to conversion for July using the weighted-average inventory method.

	Tons of Product	Percent of Conversion Added
Beginning Work in Process	230,000	60%
Goods started	570,000	100%
Goods completed	620,000	100%
Ending Work in Process	180,000	70%

758,000

800,000

620,000

746,000

Metaline Corp. uses the weighted average method for inventory costs and had the following information available for the year. The number of units transferred to finished goods during the year is:

Beginning Work in Process (40% complete, $1,100)		200 units
Ending inventory of Work in Process (80% complete)	400 units
Total units started during the year		3,200 units

3,200 units.

3,000 units.

3,400 units.

3,160 units.

3,500 units.

884,000