Hanon Company uses the weighted-average method in its process costing system. The Curing Department of...
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Hanon Company uses the weighted-average method in its process costing system. The Curing Department of Hanon Company reported the following information for the month of November:
| Units | Conversion percentage complete | |
| Work in process, November 1 | 20,000 | 80% |
| Units started | 30,000 | |
| Completed and transferred out | 40,000 | |
| Work in process, November 30 | 18,000 | 30% |
| Costs for November: | Materials | Conversion |
| Work in process, November 1 | $34,500 | $48,600 |
| Added during the month | $146,000 | $194,400 |
All materials are added at the beginning of the process. Required: Compute the following items for the company's monthly production report using the weighted-average method: a) The equivalent units (EUs) of production for materials. b) The cost per equivalent unit for conversion.
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