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 200
Percent complete with respect to materials 80%
Percent complete with respect to conversion 40%
Copyright Penn Foster, Inc. 2018 Page 5
Course Version: 2
Required:
Using the weighted-average method, what are the equivalent units of
production for materials and for conversion costs?