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Determine the equivalent units of production for materials

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Reference no: EM13518299

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:

Units in process

500

Stage of completion with respect to materials

50%

Stage of completion with respect to conversion

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.

Reference no: EM13518299

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