Question
The company uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a
The company uses the weighted-average method in its process costing system. The following data concern the operations of the company's first processing department for a recent month.
Work in process, beginning:
Units in process 700
Percent complete with respect to materials 50%
Percent complete with respect to conversion 40%
Units started into production during the month 23,000
Work in process, ending:
Units in process 200
Percent complete respect to materials 80%
Percent complete respect to conversion 40%
Using weighted average method, what are the equivalent units of production for materials and for conversion costs?
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