Callet 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 |
500 |
|
Stage of completion with respect to materials |
90% |
|
Stage of completion with respect to conversion |
70% |
|
Units started into production during the month |
23,000 |
|
Work in process, ending: |
|
|
Units in process |
400 |
|
Stage of completion with respect to materials |
80% |
|
Stage of completion with respect to conversion |
90% |
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.