(TCO F) Carter Corporation uses the weighted-average method in its

SOLUTION BY CHARTERED ACCOUNTANT

(TCO F) Carter
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 process
inventory
400

Materials
costs
$6,900

Conversion
costs
$2,500

Percentage complete
for
materials
80%

Percentage complete
for
conversion
15%

Units started into
production during the month 6,000

Units transferred to
the next dept. during the month 5,800

Materials cost added
during the
month
$112,500

Conversion cost added
during the
month
$210,000

Ending work in
process:

Units in ending
work-in-process
inventory
1,400

Percentage complete
for materials

70%

Percentage complete
for
conversion
40%

Required: Calculate
the equivalent units for materials (using the weighted-average method) for the
month in the first processing department.