The following data have been provided by Cutts Corporation, which uses the weighted-average method in its process costing. The data are for the company's Shaping Department for October. Percent Complete UnitsMaterialsConversionWork in process, October 130050%10%Units started into production during October5,200 Units completed during October and transferred to the next department4,800 Work in process, October 3170050%40% Required:Compute the equivalent units of production for both materials and conversion costs for the Shaping Department for October using the weighted-average method.
What will be an ideal response?
Weighted-average method:
| Materials | Conversion | |
| Units transferred to the next department | 4,800 | 4,800 |
| Ending work in process: | ||
| Materials: 700 units × 50% | 350 | |
| Conversion: 700 units × 40% | 280 | |
| Equivalent units of production | 5,150 | 5,080 |
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