The Colorado Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during June is given below.
- Percentage Completed
- Units Materials Conversion
- Work in process, June 1 80,000 65% 45%
- Work in process, Jun 30 65,000 75% 65%
The department started 325,000 units into production during the month and transferred 340,000 completed units to the next department.
Required: Compute the equivalent units of production for the first department for June, assuming that the company uses the weighted-average method of accounting for units and costs.