Bingham Corporation uses the weighted-average method in its process costing syst

Question

Bingham 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-progress inventory - 400
Materials costs - 6,900
Conversion costs - 2,500
Percentage complete - 80%
Percentage complete for conversion - 15%
Units started into production during the month - 6,000
Units transferred to the next department during the month - 5,000
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 - 1,200
Percentage complete for materials - 60%
Percentage complete for conversion - 30%

Explanation / Answer

A total of 7000 units were started and 600 units were transferred to the second processing department during the month. The following costs were incurred in the first department during the month. material - $96,700 conversion - $180,700 The ending inventory was 80 % completed for materials and 80% completed for conversion. Calculate the equivalent units for conversion costs during the month in the first processing department.

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