Question 2. 2. (TCO B) Carter Corporation uses the weighted-average method in its process costing...
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Question 2. 2. (TCO B) Carter Corporation uses the weighted-average method in its process costing system. Data concerning the first processing department for the most recent month are listed below. Work in process, beginning:
| Units in beginning work-in-process inventory | 600 |
| Materials costs | $6,900 |
| Conversion costs | $2,500 |
| Percentage complete for materials | 80% |
| Percentage complete for conversion | 15% |
| Units started into production during the month | 6,300 |
| Units transferred to the next department during the month | 5,800 |
| Materials costs added during the month | $112,500 |
| Conversion costs added during the month | $210,300 |
Ending work in process:
| Units in ending work-in-process inventory | 1,100 |
|
| Percentage complete for materials | 70% |
|
| Percentage complete for conversion | 40% |
|
Required: Calculate the equivalent units for materials (using the weighted-average method) for the month in the first processing department. (Points : 30)
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