Reference no: EM132990903

Lakeland Chemical manufactures a product called Zing. Direct materials are added at the beginning of the process, and conversion activity occurs uniformly throughout production. The beginning work-in-process inventory is 80% complete with respect to conversion; the ending work-in-process inventory is 20% complete.

The following data pertain to May:

UnitsWork in process, May 1             19,200
Units started during May                  60,200
Units completed and transferred out   67,600
Work in process, May 31                     11,800

                                                                   Total               Direct Materials              Conversion Costs
                                                                   Costs:
Work in process, May 1                       $56,900                 $24,900                         $32,000
Costs incurred during May                    321,100                80,100                             241,000
Totals                                                $378,000                $105,000                          $273,000

Problem 1: Using the weighted-average method of process costing, the equivalent units of conversion activity total