Equivalent Units and Product Cost Assignment$$Weighted Average Method

In its first month of operations, Allred Company's Department $1$ incurred charges of $$108,000$ for direct materials $(18,000$ units$),$ $$58,050$ for direct labor, and $$20,250$ for manufacturing overhead. At month end, $17,000$ units had been finished and transferred out. Those remaining were finished with respect to material but only $40\%$ finished with respect to conversion.