Using the weighted-average method, what are the equivalent units of production for materials and for conversion costs?

Using the weighted-average method, what are the equivalent units of production for materials and for conversion costs?

Carver Inc. 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…………………..…………………………………….700

Percent complete with respect to materials ………………….50%

Percent complete with respect to conversion………………..40%

Required:

Using the weighted-average method, what are the equivalent units of production for materials and for conversion costs?


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