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Chevon Corporation uses the weighted-average method in its process costing system. This month, the beginning inventory in the first processing department consisted of 400 units.
The costs and percentage completion of these units in beginning inventory were:
The following costs were incurred in the first processing department during the month:
(Note: Your answers may differ from those offered below due to rounding errors. In all cases, select the answer that is the closest to the answer you computed. To reduce rounding errors, carry out all computations to at least three decimal places).
Problem 1: What are the equivalent units for material costs for the month in the first processing department?
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