1. Canler 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.

Assume a materials cost of $4.50/equivalent unit and conversion cost of $10/equivalent unit. Calculate the total value in ending WIP and inventory transferred out.

g. Work in process, beginning: Units in process ........ Percent complete with respect to materials ..... Percent complete with respect to conversion.. 200 50% 40% Units started into production during the month. 11,000 Work in process, ending: Units in process ...... Percent complete with respect to materials ..... Percent complete with respect to conversion.. 500 80% 10%