Loxham 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
Percent complete for materials .................................................. 80%
Percent complete for conversion ............................................... 15%
Units started into production during the month ...................... 6,000
Units transferred to the next department during the month ... $5,400
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 ................ $1,000
Percentage complete for materials ............................... 80%
Percentage complete for conversion ............................ 30%
Required:
Calculate the equivalent units for materials for the month in the first processing department.