Question: 22. ABC 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

22. ABC 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. Work in process, beginning: Units in process Stage of completion with respect to materials Stage of completion with respect to conversion 700 50% 40% Units started into production during the 23,000 month Work in process, ending: Units in process 200 Stage of completion with respect to materials 80% Stage of completion with respect to 40% conversion You are required: Using the weighted-average method, determine the equivalent units of production for materials and conversion costs by compiling the "Quantity Schedule and Equivalent Units" portion of the production report. 10

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