(TCO F) The Michigan Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below:
|
Percent completed |
|||
|
Units |
Materials |
Conversion |
|
|
Work in process, June 1 |
40,000 |
65% |
45% |
|
Work in process, June 30 |
35,000 |
75% |
65% |
The department started 175,000 units into production during the month and transferred 180,000 completed units to the next department.
REQUIRED:
Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.