Cadot 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. Required:
Using the weighted-average method, determine the equivalent units of production for materials and conversion costs.

Weighted-Average Method

An inventory costing method that assigns a cost to inventory items based on the average cost of all similar items purchased or produced.

Equivalent Units

A concept in process costing that quantifies the amount of materials or labor required to complete a unit of production, adjusting for partial completion.

Processing Department

A specific department in a manufacturing operation where a set of processes or operations are performed on materials to convert them into finished goods.