Carver Inc Required:
Using the Weighted-Average Method,determine the Equivalent Units of Production

Essay

Carver 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:
$\begin{array}{|l|c|}\hline \text { Work in process, beginning: } & \\\hline \text { Units in process } & 700 \\\hline \begin{array}{l}\text { Stage of completion with respect to } \\\text { materials }\end{array} & 50 \% \\\hline \begin{array}{l}\text { Stage of completion with respect to } \\\text { conversion }\end{array} & 40 \% \\\hline \begin{array}{l}\text { Units started into production during the } \\\text { month }\end{array} & 23,000 \\\hline \text { Work in process, ending: } & \\\hline \text { Units in process } &200 \\\hline \begin{array}{l}\text { Stage of completion with respect to } \\\text { materials }\end{array} & 80 \% \\\hline \begin{array}{l}\text { Stage of completion with respect to } \\\text { conversion }\end{array} & 40 \% \\\hline \end{array}$

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.