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Cagna 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
Stage of completion with respect to materials
90%
Stage of completion with respect to conversion
10%
Units started into production during the month
15,000
Work in process, ending:
500
50%
40%
Required:
Using the weighted-average method, determine the equivalent units of production for materials and conversion costs by compiling the "Quantity Schedule and Equivalent Units" portion of the production report.
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