Cadot 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 process400 Percent complete with respect to materials90%Percent complete with respect to conversion70% Units started into production during the month18,000 Work in process, ending: Units in process600 Percent complete with respect to materials80%Percent complete with respect to conversion40% Required:Using the weighted-average method, determine the equivalent units of production for materials and conversion costs.
What will be an ideal response?
Weighted-average method
| Materials | Conversion | |
| Units transferred to the next department | 17,800 | 17,800 |
| Ending work in process: | ||
| Materials: 600 units × 80% | 480 | |
| Conversion: 600 units × 40% | 240 | |
| Equivalent units of production | 18,280 | 18,040 |
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