E5-37B Summarize physical units and compute equivalent units

(Learning Objective 2)

Asahi uses the weighted-average method in its process costing system. The company provided the following data of a department in August:

Percent completed Units Materials Conversion Beginning work in process inventory................................. 29,000 30% 50%

Ending work in process inventory...................................... 25,000 60% 40%

Units started during the month.......................................... 55,000 Units transferred out to next department.......................... ?

Requirements 1. Compute the units of inventory transferred out to the next department.
2. Compute the equivalent units of production for the month.